Todd G. Buchholz is a former White House director of economic policy and managing director of the Tiger hedge fund.
It would be easy—and a mistake—to blame the US Federal Reserve’s many blunders on corrupt bureaucrats or imagined conspiracies. The truth of the matter is that the central bank relies on an outdated regional map and lagging indicators that no longer tell the whole story, while battling macroeconomic blazes that politicians stoke.
Todd G. Buchholz
June 17, 2026 at 3:12 AM IST
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