Surveillance: End of the Bear Market with Wilson
Bloomberg Surveillance
00:00
Is There a Statute of Limitations on the Fed's Inflation Objectives?
I think ultimately, what we're talking about there is just relative price shifting. And rightly or wrongly, the Fed views the labor markets as the conduit to achieve their inflation objectives. And that means you need to see higher unemployment. So I don't know where the money's going to go. But I can tell you, absent a sort of spontaneous increase in the savings rate, it's highly unlikely"
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