1min chapter

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Tim Duy on the Huge Challenge the Fed Now Has in 2022

Odd Lots

CHAPTER

Why Wouldn't Things Return to Normal?

There are still many disruptions. They seem to be winding down, but they're going awaya,. But there's still many, a a sort of interventions and masks and school issues. Why after the sort of pandemic and why wouldn't it necessarily be safe to say, ok, rigis ge to go back to the sort of like dim economy that we had pre crisis? I i think that's an excellent question. That inflation trend, the prepademic trend of two % inflation we've seen for 25 years, that was presumably a very sticky trend. And there's good reason to thinkt that you don't want to just sort of turn your back on on a deeply established trend like

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