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The Secret Ingredient in the Fed's Anti-Inflation Policy
The aim of policy in the period since two thousand and with ce, was indeed to in part stimulate the economy by way of inflating asset markets. But an anti inflation policy in the current era can't just be about letting the steam out of the labor market. And on the feds projections, it's not going to do that very much. Their worst case sconario is for, you know, an unemployment increase of one or two %. If things get very bad over the summer, you might see a reversal of it. But right now, it's really a much more open ended play than any one anticipates. So what the fed giveth, the fed can taketh