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The Fed is focusing on ‘flawed’ data and keeping rates high will result in a big policy mistake, economist says

By Ilene
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The Fed is focusing on ‘flawed’ data and keeping rates high will result in a big policy mistake, economist says

By Yuheng Zhan, Business Insider 
 

The Federal Reserve’s fixation on a streak of “flawed” data to justify keeping interest rates higher for longer is bound to spark a policy mistake, according to top economist David Rosenberg. 

“The Fed seems to be focusing not just on flawed data, but on headlines only. I don’t sense any analysis of the data by the various FOMC officials as much as reporting of the data,” Rosenberg said in a note on Monday. 

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