Fed now says reducing elevated inflation is of paramount importance
After years of misguided attempts to force inflation higher, the Fed succeeded. Now the Fed is chasing its tail again. Reducing Elevated Inflation ‘Is
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After years of misguided attempts to force inflation higher, the Fed succeeded. Now the Fed is chasing its tail again. Reducing Elevated Inflation ‘Is
Over the next few months we will see some pretty extraordinary inflation , which the Reserve Bank and the government should ignore as a false sign of a strong economy. They should remain clear that more stimulus is needed. If there is one guarantee in economic debate, it is that as soon as any sign of economic strength occurs, conservative commentators and politicians will start worrying about inflation. The Economist has run an article...