3min chapter

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#1223 Jeff Weniger On State Of The 2023 Macro Economy

The Pomp Podcast

CHAPTER

The Fed's Forward Guidance on Inflation

Greenspan took rates down to 1%. That was considered outlandish in central banking circles. Now we're in the mid-fines wants to keep going. Inflation ran out of hand. How do you structure a society when you have the cost of money being determined by committee like this? It's, it's a mess.

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