Central Banks
The Federal Reserve Is Deflating Financial Bubbles, Without a Crash
- Cryptocurrencies, house prices and tech stocks are coming down
- Financial strains so far seem contained, observers say
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The Federal Reserve hasn’t had much success so far in wrestling down sky-high inflation, but its monetary tightening campaign is having a major impact in deflating asset bubbles that swelled during the pandemic.
Most importantly – and surprisingly – all this is occurring without upending the financial system.