Vague Inflation Promises Vs. Ongoing Labor Market Destruction
Why the big deal about the Fed’s new grand strategy? For one thing, as noted yesterday, there’s that whole lost decade which policymakers finally have acknowledged. They’ve quite a lot of catching up to do, but have waited for the most inopportune moment to…basically do more of the same things that hadn’t accomplished anything other than lose an entire decade.Already [...]
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