Paul Krugman on the Year of Inflation Infamy
Macro Musings with David Beckworth
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The Fed Wants to Guarantee That It Doesn't Add Any Fuel to the Fire
The Fed wants to guarantee that it doesn't add any fuel to the fire. Its going to keep a long run expectation anchored than they are. I know households have seen a little bit of an increase, but i think that's the key. If we hadn't bie all that, economics of poor, we could have had utter catastrophe. We were taking 20 million jobs lost, business grinding to a halt. And if we hadn't largely held people financially harmless, we really could have had an economic implosion.
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