Joe Gagnon on Inflation Progress and the Path Ahead: Breaking Down Jerome Powell’s Jackson Hole Speech
Macro Musings with David Beckworth
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The Uncertainty of Interest Rates and Equilibrium Rates
This chapter delves into the uncertainty surrounding the future path of interest rates and equilibrium rates, exploring factors like demographics, fiscal policy, and inflation. It discusses the divergence between measures for determining equilibrium rates and highlights the role of market estimates in gaining a different perspective.
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