How High Will Interest Rates Go?
Many Happy Returns
The Fed's Models for Inflation Don't Work
There'll probably be a few dissensions who want it to go up by 50 basis points. Don't you think just a signal we're going to be tough on inflation? Yeah, maybe. We also have a couple of people on the committee who are quite dovish. And their point is that monetary policy acts with a very long lag now because of the structural form of a UK mortgage market. It's got too much of a cooling effect on the economy. So those dovish members of the committee are basically saying we've done enough already.
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