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Larry Summers on the Politics & Economics of Envy
On with Kara Swisher
The Fed Needs to Engage in Three Tightenings
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How high do you think the Fed will have to raise rates in order to actually tame inflation? And how long will they have to keep it at that rate? No one knows, and in a way, I think the mistake that they have tended to make is making overly confident pronouncements. The Delphi oracles kept their pronouncements a bit vague and a-racular; no dot plots for Delphi.
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