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Has the Fed Abandoned Risk Assets? | Joseph Wang
Forward Guidance
The Fed's More Aggressive Tilt
Since the December meeting, I would say that the inflation situation is about the same, but probably slightly worse. So my interpretation was that he's saying inflation is a much greater threat than recession. And like you mentioned, overall stable prices, full employment, that's the Fed's mandate. We're there, right? Labor market on fire, lots of job postings, wages going to the moon, inflation is high. That's where they're going slowly, maybe too slowly.
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