Alberto Gallo on Investor Complacency, Crisis Risks and Fed’s Dilemma
Macro Hive Conversations With Bilal Hafeez
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The Tradeoff Between Price Stability and Financial Stability
The consensus amongst Central Bankers a year ago was that inflation was probably transitory. Today, this has been proved wrong. Inflation is coming down, but it's stickier. Consumers are still spending. And as Central Bank's hike rates, some things are breaking. So we're starting to see that there is a tradeoff between price stability and financial stability.
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