Inflation is not the Fed's only problem

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<title>Inflation is not the Fed's only problem</title>
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<abstract displayLabel="Summary">The US Federal Reserve's hawkish shift shows its concern around inflation. But the Fed is increasingly in a "lose-lose" situation: if it needs to be more aggressive to rein in inflation, it could cause an asset shock. If inflation moderates and interest rates do not rise much, the Fed will have less of an interest rate buffer for the next downturn. In any case, 2022 is the year of policy tightening and this matters a great deal for financial markets and the insurance industry alike.</abstract>
<note type="statement of responsibility">Patrick Saner</note>
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<topic>Economía</topic>
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