The Quiet Machinery of Repair
Notes on the Week Ahead
00:00
Inflation and the Fed's New Year's Resolution
The central problem has been n inflation that has remained hotter for longer than the federal reserve or markets expected. This caused the fed to take much more hokish stands raise the federal funds rate by one quarter of % in march, half a % in may and three quarters o a % in june. The reasons for this negative performance are perhaps obvious, but they should still be reviewed as they can cast some light on the path forward from here.
Transcript
Play full episode
