Danielle DiMartino Booth: Jay Powell Just “Went Way Off Script” At September Fed Meeting
Forward Guidance
The Impact of Rising Oil Prices on Inflation and Growth
This chapter discusses the potential impact of rising oil prices on inflation and long-term growth. It highlights the concept of 'super core' inflation and the changing calculation in October. The conversation also explores the possibility of the Fed increasing interest rates to curb inflation and expresses concerns about the effects on the US consumer.
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