Surveillance: Inflation Persistence with Dudley (Podcast)
Bloomberg Surveillance
00:00
The Fed's Job Is to Reduce Demand, Not Increase Unemployment
The fed is trying to reduce the demand for labor without increasing unemployment. The end of the day, that fed's job is to make sure that demand and supply are line. But if those supply change isruptions are persistent, then you're going to have an inflation consequence. Bill: Have you changed your view on how high the fed will have to go?
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Transcript
