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In past periods, the U.S. inflation has been the highest over the past 40 years. Could the Chair of the Federal Reserve, Jerome Powell, have
In past periods, the U.S. inflation has been the highest over the past 40 years. Could the Chair of the Federal Reserve, Jerome Powell, have played any greater role in mitigating the bulk of the 2022-2023 inflationary damage to corporate valuation and results early on? * a. Yes, Powell could have been more careful about how long-lasting the inflationary crisis would be and more aggressively lowered the Fed's benchmark federal interest rates b. Yes, Powell could have been more careful about how long-lasting the inflationary crisis would be and more aggressively raised the Fed's benchmark federal interest rates c. No, the high inflation after the pandemic hit was absolutely inevitable d. No, the Federal Reserve effectively has no actual role in the U.S. economy when things go wrong
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