Friday’s links

  1. Henry Kaufman, 1970s Wall Street Dr. Doom, Blasts Powell on Inflation – Bloomberg
  2. Investors bet on loans as Fed readies to lift interest rates – FT
  3. Inflation Risks Getting Sticky as Big Firms Flex Pricing Power – Bloomberg
  4. Stock Market Normality Returns, and It Hurts – WSJ
  5. Central banks start turning off the cash taps – Reuters
  6. Fed has much less control over spending (& inflation) than is widely believed – MarketWatch
  7. Still Flying Blind After All These Years – Levy Institute (also on Recommended Articles tab)