To the Editor:
Anyone paying attention in early 2021 knew it was time for the Federal Reserve to take its foot off the gas pedal (“The Fed, Inflation, and the End of Easy Money,” Cover Story, Feb. 18). “Transitory inflation” will go down in the annals as one of the worst calls in Fed history. And why does every Fed move need be telegraphed three-plus months in advance? Chairman Jerome Powell is still buying bonds as we speak, which is absolutely insane. Good luck, Mr. Chairman.
Stephen Weber, On Barrons.com
accIn a Pickle
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