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There Are No Doves Left At The Federal Reserve | Nick Timiraos
Forward Guidance
The Fed Needs Clear and Conclusive Evidence That Core Inflation Is Moderating
The Federal Reserve has issued a statement saying they need to have a clear and compelling evidence that inflation is moderating. The threshold was laid out when the Fed did 50s but it's harder now I think to sort of well, what do you need to step down from 75 to 50? "It will be really interesting to see how the different policymakers kind of work through that sort of predicament," he says.
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