5min chapter

When the Facts Change cover image

What Adrian Orr just learned about the global economy

When the Facts Change

CHAPTER

The Fed Chair's View Has Changed Significantly

Central bankers globly are saying, it's not for some time yet. There will be a prolonged period where economic demand must be reduced to below the potential growth rate of the economy. That chunk that's come out of supply. Where is that? i like to think about it, i earth is now poorer. We've got much higher input costs, ar energy, much higher a consumption costs, food. And so we're haveing around for any one investment that returns are different or less. A rone pale set two records in a speech the other day. He came in under eight minutes for a monitary policy speech. So that t must be amongst the world's shortest. And

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