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8: You can’t fight the Fed

Onward, a Fundrise Production

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The Fed's Forecast for Inflation

The big assumption was going to be that, okay, inflation was high right now, but it would come down pretty soon thereafter. I think there were a couple of rationales for why people thought that inflation would be transitory at the time. The other was that we had a couple of years of very aggressive fiscal and monetary policy.

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