Surveillance: 2023 Expectations with Knutzen
Bloomberg Surveillance
00:00
The Fed Is Not Just Behind the Curve
A year ago at this time the prevailing narrative as you say was the Fed was behind the curve now Let's just go back and remember that 21 2021 inflation was 7% Uh, and that's what prompted the outcry And we also need to be reminded of the fact that the US was making the most dramatic recovery from the pandemic Recession. A tightening that came when the US economy was much stronger resilient Then it otherwise would have been.
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