What follow are three important themes that I have spent quite some time thinking about over the past several weeks. Inflation: The Federal Reserve, supposedly the monitor of the US economy, was among the last to recognize that US inflation is not “transitory,” doing so only when repetitions of that term by Chairman Jerome Powell to discuss the price outlook produced derisive laughter in return. How high could inflation rise to, and how long will it last? While partly dependent on how quickly omicron — and any further variations — can be arrested, the Fed and the US Treasury have a major role to play in that decision.
Three Key Thoughts for 2022
Three Key Thoughts for 2022
Three Key Thoughts for 2022
What follow are three important themes that I have spent quite some time thinking about over the past several weeks. Inflation: The Federal Reserve, supposedly the monitor of the US economy, was among the last to recognize that US inflation is not “transitory,” doing so only when repetitions of that term by Chairman Jerome Powell to discuss the price outlook produced derisive laughter in return. How high could inflation rise to, and how long will it last? While partly dependent on how quickly omicron — and any further variations — can be arrested, the Fed and the US Treasury have a major role to play in that decision.