The Fed Acts Early and Precautionaryly, Doesn't Let Sfall Far Behind

If inflation is getting out of line, the sooner central banks correct it, the less drastic action they have to take. The more this thing gets away from the fed, the more dramatic its tighteningn nominal terms has to be. We don't want to see double digit interest traits or anything like it. And we're not even talking about making it not grow any more. Just grow at a slower rate. Finally, most importantly, i think, are all those job vacancies.