Surveillance: Inflation Persistence with Dudley (Podcast)
Bloomberg Surveillance
00:00
The Fed's Making Two Mistakes in the Last Business Cycle
M km: Fed should try to extricate themselves from last business cycle. He says they are assuming flat fillips curve up until three and a half % on employment, because that's where were at the end of the last cycle. M km: They should be explicitly leaving t o nominal g d p to a more sustainable growth rate consistent with two % average inflation over time.
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