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8: You can’t fight the Fed

Onward, a Fundrise Production

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The Effect of Expectations on Inflation

I think a lot of people kept thinking it would be transitory and didn't take their foot off the gas, which made it hard for the Fed to jawbone inflation down. So I really see expectations being a huge driver now that I understand it firsthand. And I see it being a scenario one, sort of, eventually this acid effect has a lot of narrative consequences.

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