bet365 joining bonus code newspaper comprehensively reports from foreign media Recent months，The Federal Reserve raises interest rates continuously to curb bet365 joining bonus code，Triggering heated discussions on the rising risk of U.S. economic recession。December 14, 2022，The Federal Reserve announced that it will raise the federal funds rate target range to 4.25%—4.5%，Highest level in the past 15 years。Days ago，Economists from Stanford University in the United States published their comments on the recent U.S. economic situation。

March 2021，US bet365 joining bonus code rate 2.6%，Slightly above the Fed’s 2% bet365 joining bonus code target；Only 3 months have passed，The bet365 joining bonus code rate has more than doubled (5.4%）；It has been going higher since then，Up to 9 in June 2022.1%；Start from July，bet365 joining bonus code rate gradually decreases，But it has always remained above 7%。

Professor of Economics at Stanford University、Former Under Secretary of the U.S. Department of the Treasury for International Affairs John B.Tyler (John B. Taylor）represents，The last time the bet365 joining bonus code rate in the United States rose by this much was in the 1960s and 1970s，But that happened in 12 years，Unlike this time, it rose sharply in just one year。Taylor pointed out，Monetary policy is the key cause of U.S. bet365 joining bonus code。October 2019，The federal funds rate is 1.83%，Falling below the bet365 joining bonus code target，Then it plummeted to 0 in April 2020.05%，This extremely low level will continue until February 2022 (0.08%）。May to October 2022，Federal funds rate goes from 0.77% rose straight to 3.83%，But still significantly lower than the bet365 joining bonus code rate。This wide gap between the federal funds rate and the bet365 joining bonus code rate has never been seen since the 1970s。

Taylor proposed the famous monetary policy rule "Taylor Rule" in 1993，Based on the gap between the target bet365 joining bonus code rate and the actual bet365 joining bonus code rate、The gap between potential output and actual output，To calculate the appropriate short-term nominal policy rate，In order for the central bank to stabilize economic activities。Calculated by Taylor’s Law，The Fed needs to raise interest rates further to get bet365 joining bonus code down to 2%。Taylor scale，Experience shows，If the Fed understands the need to raise interest rates and does so，Not the economic recession that many feared；If you don’t act now，It will increase the risk of a more severe economic recession in the future。

John H., Senior Research Fellow at the Hoover Institution, Stanford University.Cochrane (John H. Cochrane) said，bet365 joining bonus code tends to lessen during recessions，Accelerate during economic booms。It is based on this correlation that the Fed targets economic recession as the only way to curb bet365 joining bonus code，But this does not take into account the possibility of stagnation bet365 joining bonus code (an economic recession accompanied by bet365 joining bonus code)。Stagnation bet365 joining bonus code is characterized by high bet365 joining bonus code rate、Low economic growth rate、High unemployment rate。Some countries with financial difficulties，bet365 joining bonus code is prone to occur during economic downturns。This may happen in the United States soon。

Generally speaking，The Fed’s approach to curb bet365 joining bonus code is pushing the economy into recession，Targeted slowdown of parts of the economy that rely on cheap credit。In other words，Hope that “recessionary forces” will offset bet365 joining bonus code，But it won’t actually cause a recession。Currently，People are worried that the Fed’s tightening of monetary policy to curb bet365 joining bonus code will trigger an economic recession。In Cochrane’s opinion，The bet365 joining bonus code in the United States in the past year is largely due to the loose monetary policy during the epidemic，If there are no other negative events and more expansionary fiscal policy，The Fed does not need to “push too hard” to cause a recession，bet365 joining bonus code will also slowly decrease - in many cases bet365 joining bonus code will subside on its own。In addition，Strong supply-side policies can also help reduce bet365 joining bonus code。

Cochran said，Recessions often follow other negative events，such as financial crisis、Large-scale tightening of monetary or credit policies、Crude oil market is in shock、The end of the overheating period in some industries, etc.。However，These events are often exacerbating factors in bet365 joining bonus code downturns，Not the real reason。Also，People often exaggerate the impact of bet365 joining bonus code recessions throughout history。A bad recession may result in a 5% drop in national income within a few years，But long-term bet365 joining bonus code growth can make up for these losses。“Recession is really annoying，But we should focus more on long-term growth。”

　　（Wang Youran/Compiler）