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12min chapter
Bloomberg Surveillance: Peak Restrictions Not Reached
Bloomberg Surveillance
Restrictive Monetary Policy and Supply Chain Healing
The chapter discusses the evidence of sufficiently restrictive monetary policy and how it is not just seen in energy prices but also in goods prices, indicating supply chain healing. The focus shifts to the service side of the CPI, specifically in rents and super core inflation. The speaker mentions the lack of evidence for the Federal Reserve to act preemptively and suggests that they are hesitant due to the mistakes of the past.
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