The Fed is playing catchup, thanks to the ever-changing economy and pandemic.
That they’re in the role of the proverbial tortoise, in an existential race versus hare-raising inflation and stubbornly persistent unemployment, is a no-brainer.
The only question is, will the world’s largest and most advanced central bank recover to overtake events of great consequence — or will those economic trials and tribulations force a reckoning, namely:
Is the Federal Reserve still relevant?