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Obama-era ‘shellacking’ looms unless the Fed wakes up to inflation

A transformational agenda for the US economy is at risk as questions mount for financial markets 

©The Financial Times Limited 2020 Nov 25, 2021 / 01:23 PM IST
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Obama-era ‘shellacking’ looms unless the Fed wakes up to inflation

Looking at the prospects for the economy and markets in the run-up to the November 2022 midterm US elections, I have an unsettling feeling that I may end up watching the repeat of a script from just over a decade ago. A transformational agenda for the US economy is again at risk, as questions also mount for financial markets. Fortunately, there is still time to change the storyline but it’s getting late day in the day. Moreover, the most important...

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