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Jan Hatzius on the Narrow Path to Avoid a Hard Landing
Odd Lots
How Much Does That Help the Fed?
A lot of people don't think they're going to get a mass of pay increases. A lot of people, at least according to the survey measures, still think of inflation as transitory. How much does that help the fed? And is there a risk that at some point those pectations become unmoored or more unmoored? I think it's inor hugely helpful. If if inflation expectations were not anywhere close to current actual inflation head ine an even core, i think it would be much harder to have any realistic scenario of bringing inflation down without very significant amount of economic pain.
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