Events are not evolving as people on the FOMC envisioned last year, and the Fed is not currently achieving its goals. A slow and plodding approach isn’t good enough, and it’s time to change course. What’s going wrong, and what’s the fix? First, how did we get here? In August 2020 the FOMC unveiled a new
I did not understand this, sorry: "I think it’s still likely that the burst of inflation we’re seeing is temporary — in fact, that we’ll be seeing inflation below the 2% target next year, in year-over-year terms, if policy settings remain where they are."
I did not understand this, sorry: "I think it’s still likely that the burst of inflation we’re seeing is temporary — in fact, that we’ll be seeing inflation below the 2% target next year, in year-over-year terms, if policy settings remain where they are."