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How to Lay the Inflation Dragon
To lay the inflation dragon, you normal need to hik above neutrate. You need to make sure the private sector feels the heat for a longer period of time. And that is reflected in two year elds. The chart right, of termina rate be rising higher, higher and higher. Let's say that powell bites and says, while you guys are right, it's four %, let's make it four and a half%. By the way. If that is your new neutral rate, call it four %.