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2min chapter
Fed’s Mester Wants Few More Months of Good Inflation Before Cuts
Bloomberg Businessweek
Impacts of Media and Social Media on Economic Sentiment
The chapter delves into the Fed chair's response to questions regarding sentiment's role in the economy, drawing from David Wilcox's insightful comparison of consumer confidence from past high inflation periods to the present day's more pessimistic outlook despite lower inflation rates. It examines the influence of the media landscape and social media on shaping individuals' perceptions of the economy and how this affects overall sentiment.
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