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The Impact of the Omochron Variant on the Economy
Central bankers would never have dreamed of such drastic quantitative easing and cutting rates to zero unless there were a pandemic. To what degree do you think that the recent worry about the omochron variant does that change things a little bit or do not think so well? I'm increasingly of the view that these inflationary pressures will be sustained enough to feed into the labor market and the wage price spiral if everybody is just looking for an excuse to do nothing until they absolutely have to do something then it'll be too late, he says.