Will the Easy-Money Era Lead to a Recession?

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The Fed has already achieved its objective of escaping 0 percent

Now the goal is to avoid recession.

As Janet Yellen readies for her departure from the Federal Reserve, a sentiment creeping into markets that the era of “easy money” is over—as if somehow the Yellen Fed was the root of all easiness.

Yellen’s Fed was the first in recent history to oversee only rate increases—and not encounter a recession.

Money 1a US notes rolled REUTERS LLLLThat is quite the accomplishment: raise rates and remove accommodation steadily without sparking a recession.

At the very least, she deserves to be remembered as someone who did a…

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