MacroVoices #361 Alex Gurevich: Jay Powell says, “Effects of tightening not yet felt.” Alex says, “No shit, Jay.”
Macro Voices
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Why People Worry About Inflation More Than Decline?
Every possible measure of inflation is decelerating and coming down. As inflation is coming down, it creates less momentum for future inflation. Meanwhile, the tightening has yet to fit through the system. It really, I'm really stumble, I do not understand in what possible universe people could be concerned about inflation at this stage and not deflation. So please help me understand what I'm missing.
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