3min chapter

Forward Guidance cover image

Did The Fed Just Back Down? | Joseph Wang & Michael Ippolito

Forward Guidance

CHAPTER

The Fed's Dubious Track Record on Inflation

Inflation has been very sticky, not just in the US, other countries as well. This tells me there's something structural going on here. And so if you have a Fed that's committed to getting inflation under control, actually, I'm not really sure if it's working the way that they think it is.

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