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The Federal Reserve is now saying that the US shot itself in the foot with its export controls on China, as illustrated by Intel's recent staff layoffs.
(www.newyorkfed.org)
this post was submitted on 03 Aug 2024
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"The views expressed in this paper are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York, the Board of Governors of the Federal Reserve, or the Federal Reserve System"