Bill English on the Effectiveness of QE and the Consequences of Fed Losses
Macro Musings with David Beckworth
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Is There a Painless Way to Get Inflation Behind Us?
I didn't expect inflation to get as high as it did and last as long as it has. I think most of us saw the inflation as driven by supply side one-off type developments that eventually would, you know, naturally work themselves out. As I look around the world, we see other central banks also raising rates rather, you know,. The ECB has had a 75 basis point rate hike. Bank of England's had 250 basis point hikes. So a lot of big banks around the world are tightening. There's only a few that haven't like the Bank of Japan.
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