
Goldman's Jan Hatzius Believes the Hard Part Is Over
Odd Lots
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Exploring the Links Between Rate Hikes and Disinflation
This chapter examines the connection between the Federal Reserve's interest rate increases and the resulting disinflation in the economy. It highlights the unusual nature of the current economic cycle shaped by COVID-19, its policy responses, and new banking regulations while noting slower growth doesn't correspond with expected job losses.
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