3min chapter

Forward Guidance cover image

Inflation Will Run Hot For The Rest Of The Decade, Says Vincent Deluard

Forward Guidance

CHAPTER

Is That a Good Thing?

Inflation is a political decision at the end of the day. I don't think there is any sort of God-given level of inflation that's good for economic growth. And if anything, growth needs to be fastest when inflation has been between four and 8%. There is no reason to use this broken index. We can always change it. And I believe we should change it.

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