The Fed and the 1994 Precedent – Avoiding Recession in America Is Proving Increasingly Illusory.

Unlike 1994, the Fed probably reacted too late in 2022.

The current economic crisis is not the first, far from it, and each time in the past the Fed was forced to play the balancing act when America was on the verge of recession. The Fed managed to keep its balance in 1965, 1984, and 1994, negotiating a “soft landing” each time. This is logically the Fed's objective in 2022, and Jerome Powell intends to draw…