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Tim Duy on the Huge Challenge the Fed Now Has in 2022
Odd Lots
Wage Growth and Inflation in the Pre-Recession Period
Wage growth really stayed at whatever its its pre recession level until, until you came to a recession. The same as was really true of inflation. So if it really started to look in the dataike to me that changing these dynamics w was actually very hard once they had become established. And it was probably going to be harder than we anticipated."
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