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No Clear Sign Of Recession Yet, Says Nick Reece
Forward Guidance
The Fed's Troubles With Forward Guidance
The average inflation targeting regime that they announced, I think they expected inflation to run a lot lower than it has. And then of course, as it really accelerated, then it becomes a question of, well, you're running a so far above target. So this inflation will be transitory. It's just a question of how many months, how many years. But if you think about inflation from the demand perspective, I look at this primarily as a pretty much a one off, high marginal propensity to consume fiscal helicopter drop.
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