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Tim Duy on the Huge Challenge the Fed Now Has in 2022
Odd Lots
Is There a Mechanism to Soften Demand?
The idea of the rate hike is to raise unemployment. Essentially, there's a trade off between unemployment and inflation. And we didn't really see that in the pre pendemic era. We thought that philip curwood was fairly flat. Insteadof relying on i thinke, more vague idea that its financial conditions, ye o tightened,. That woud see a possibly monetary policy evolved throuhto a number of different channels.
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