Machine Room ยท MX-044

SHE WROTE THE TRANSITORY BRIEFING. THE BOARD KEPT RATES AT ZERO FOR NINE MORE MONTHS. SHE INITIALLED EVERY REVISION.

In June 2021, Dr. Mira Chen prepared a key briefing asserting that post-pandemic inflation would be transitory, projecting 2.3 percent inflation by mid-2022. Despite her recommendations, the Federal Reserve kept rates at zero, leading to a staggering 9.1 percent inflation by June 2022.

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