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Bostic Belly Flops on British Tax Cuts

One would think that the people who created the worst inflation in 40 years and can now cause a recession to cure it would refrain from criticizing the economic policy of others. But self-reflection is not common at the US Federal Reserve, as chairman of the Fed Bank of Atlanta Rafael Bostic shown on Monday.

Bostic was asked about the market’s response to tax cuts and deregulation proposed on Friday by the new British chancellor. Kwasi KwartengAnd if that increases the odds of a global recession. “It doesn’t help,” he responded in an online discussion hosted by the Washington Post.

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