The Federal Reserve decided not to raise interest rates at its November meeting. Dartmouth Professor of Economics Andrew Levin says “the Fed is making a big mistake.” Levin argues that the Fed will become a talking point in the 2024 presidential election, saying “if inflation is running high, if the Fed is kind of shrugging its shoulders, it’s not sure what to do, that’s just not a good situation.” “The problem isn’t just that they are being short-sighted about inflation,” Levin states, adding that there needs to be more open debate and discussion about what to do going forward. Levin thinks the Fed is taking an approach that is “much more like a corporate board.”
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