SANISHA PACKIRISAMY: Can a stitch in time avoid a recession?
Can the Fed prevent an inflation-induced slowdown? The answer is: maybe
The adage “a stitch in time saves nine” refers to how taking corrective action early can avoid a bigger crisis down the line.
This has proved apt in the context of effective monetary policy. Typically, central banks tend to look through supply-side shocks — such as unexpected increases in costs or disruptions to production...