“Get Used to 3-4% Inflation and 4-5% Interest Rates” | Jim Bianco on Fed’s June Meeting and Resilient U.S. Economy
Forward Guidance
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Analyzing Inflation, Interest Rates, and Fed's Position on Higher Inflation World
Exploring the shift to a higher inflation world, the chapter discusses year-over-year inflation measurement, longer-run interest rates, and the Federal Reserve's acceptance of a new inflation norm. It also delves into the nuances of inflation rate targets and the potential impacts on Fed credibility.
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