Scott Sumner on Alternative Approaches to Monetary Policy
Macro Musings with David Beckworth
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Will Fed Officials Be More Doveish?
I just wonder if, moving forward, that monetary policy across the advanced econot will be more hawkish in general. I think it depends how much inflation we have going forward. It matters a lot whether inflation a year from now is six % or three %. As far as i can tell, the markets seem to be relatively optimistic,. If you believe the tip spreads, that will be closer to three than six.
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