SANISHA PACKIRISAMY: Can a stitch in time avoid a recession?
Can the Fed prevent an inflation-induced slowdown? The answer is: maybe
19 May 2022 - 05:00
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...
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