KPMG: Fed's continuation of current policy into next year could lead to excessive stimulus
2025-09-17 21:43:20
Diane Swonk, chief economist at KPMG, says the Fed is trying to say that they are lifting some restrictions to boost the labour market. But if this policy is extended into next year, the Fed will have a major leadership change and may become overstimulated, creating a more pernicious self-fulfilling prophecy that consumers and businesses expect higher inflation.
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