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Do financial leaders have a handle on the problem?
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Do financial leaders have a handle on the problem?

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Q. DO YOU THINK THE FED HAS PROPERLY ASSESSED THE RISKS?

A. They shifted policy in the right direction at their latest meeting (on June 15-16). But I think they’re going to surprise themselves that they’re going to end up with a very strong recovery in jobs, that we’re going to end up with more inflation than we expect. And so they’re going to raise rates sooner than they think they’re going to.

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