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Inflation is hydraulic, not something you change by clapping your hands

2 years 3 months ago
The New York Times reports that the Fed is still worried about inflation: Federal Reserve officials worried that inflation could remain uncomfortably fast, minutes from their December meeting showed, and some policymakers fretted that financial markets might incorrectly interpret their decision to raise interest rates more slowly as a sign that they were giving up ...continue reading "Inflation is hydraulic, not something you change by clapping your hands"
Kevin Drum