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Komal Sri-Kumar's avatar

Not able to view your entire analysis!

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Ivan Orisek's avatar

Yada, yada, yada. Stubborn inflation? Will they or will they not? Pundits have been falling all over themselves for a long time making hay out of these decadent questions leading nowhere.

Just remember that the 2% inflation target is there only to avoid the dreaded deflation whereby the prices drop uncontrollably, producers cannot recover their costs and a wave of bankruptcies ensues. Thus, the inflation target could be 1% or 3% just as well.

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Richard Daskin's avatar

There is a lot more going on than you describe in this article. Time to take a leap out of the ivory tower! Of course Powell and the Fomc voters are backtracking. The political and fiscal backdrop changed. As Keynes once said , and I am paraphrasing, the facts changed so I am changing my outlook, and you sir?

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