Randal Quarles on Inflation, Balance Sheet Reduction, Financial Stability, and the Future of the Fed
Macro Musings with David Beckworth
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Is the Fed Falling Backwards on Inflation?
The Fed seems to be getting ahead. Is its really tightening and talking up more rate hikes? What is your sense of what happened last year, coming into this year, that the fed seemed to fall behind the curve on inflation? I don't think either irrecoverably or dramatically behind the curve. There was really only one element in it that was showing significant inflationary pressureand that was used to car prices.
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