The November meeting of the Federal Reserve concluded with a decision not to increase interest rates. However, Dartmouth Professor of Economics, Andrew Levin, strongly disagrees with this choice, stating that the Fed is making a significant mistake. Levin believes that this decision will have repercussions in the upcoming 2024 presidential election, as he argues that if inflation continues to rise and the Fed appears indecisive or unsure about how to address the issue, it will create an unfavorable situation. According to Levin, the problem goes beyond just short-sightedness regarding inflation. He emphasizes the necessity for more open debates and discussions regarding the appropriate actions to be taken in the future. Levin further critiques the Fed’s approach, comparing it to that of a corporate board. He suggests that the Fed should adopt a more inclusive and transparent strategy.
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