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Surveillance: Inflation Control with Harker

Bloomberg Surveillance

00:00

Are We Going to Have a Hard Landing?

I think we're looking at a fairly significant spike from where we are now in inflation, if inflation stays where it is. I don't sae if 50 bases pont increase, but if we see a spike, then i think we might have to act more aggressively. And again, my first step in acting appropriately is march. Stop the paper, stop the balance sheet purchases, and let's start raising rates by 25 basis points. You in twod two thousand 20 adopted a new framework, which made you state dependent in s of moving interest rates. Is that out the window now? Are we back to forecast dependence, since policy works with a leg? But i think in this case,

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