Amid Increasing Signs Of Recession, Fed Says U.S. At Risk Of “Japanese-Style” Deflation, Dangerous Cycle Of Falling Wages And Prices (0)
New York Times: WASHINGTON — A subtle but significant shift appears to be occurring within the Federal Reserve over the course of monetary policy amid increasing signs that the economic recovery is weakening. On Thursday, James Bullard, the president of the Federal Reserve Bank of St. Louis, warned that the Fed’s current policies were putting [...]