Fed’s triumph over inflation shows the need for some institutions to be free from politics ...Middle East

Analysis by Fareed Zakaria, CNN Washington (CNN) — In the clamor of the campaign season, we are missing what should be a landmark event. The United States has managed to bring inflation down without – so far – triggering a recession. This undeniable soft landing is a rare achievement that the conventional wisdom suggests has only happened one other time in the last 60 years. A good measure of credit should go to the Federal Reserve and the manner in which it operates – and yet that is now under threat. Just two years ago, inflation in America hit a 40-year high, reaching over 9%. It has now come down to around 2.5%, falling more and more quickly than in other major economies. The Fede

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Fed’s triumph over inflation shows the need for some institutions to be free from politics ...Middle East

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