Can the Fed Control Inflation?

We will see the limits of the power of the central bank in the coming ah years, i think. It's just a question of of time before the whole story collapses,. that inflation expectations are permanently anchored at these low levels. If you tell people we're changing the regime, they're ation expectations are bound to adjust. So i think this is, thisis kind of something wth, which i have relatively high confidence, just as i have very high confidence that m m t is a fantasy.