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The Federal Reserve faces the challenge of navigating growth, inflation and interest rates

Jan 17, 2019 - The Washington Times

Federal Reserve Chairman Powell faces the tough challenge of engineering a soft landing for the economy. The task is made terribly more complicated by economic conditions abroad and new technologies that have broken traditional relationships among growth, employment, inflation and interest rates.

The nearly three percent growth accomplished in 2018despite chronic skilled labor shortageswas no accident of nature. Trump tax cuts and a February 2018 budget deal that lifted federal appropriati...