Surveillance: CPI Bolsters Bets on Fed Pause
Bloomberg Surveillance
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The Curious Approach to Inflation
Jack Lew: There's nothing normal about going into or coming out of COVID. What we don't know is when all of the measures kick in, all of the tire interest rates, where will we be? So I think the cautious approach is still the right one. We have room in the economy for some tightening. Unemployment is very low. But we're headed towards a slower patch. And the question is, will it or won't it become a technical recession?
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