Journal Editorial Report: The week's best and worst from Dan Henninger, Mary O’Grady and Kim Strassel.
Images: Reuters/AFP/Getty Images/Bloomberg News Composite: Mark KellyThe Federal Reserve’s policies are threatening U.S. financial markets and the economy.
They are in danger of a steep recession and the risk of a repeat of 1987’s Black Monday.
Early in the pandemic, the volume of U.S. dollars in circulation soared.
That is more than three times the appropriate rate for hitting the Fed’s 2% inflation target.
Persons:
Dan Henninger, Mary O’Grady, Kim Strassel, Mark Kelly
Organizations:
AFP, Getty, Bloomberg