feld on Nostr: npub1je7wk…evmue pay attention to the FOMC minutes as that's the only thing that ...
npub1je7wkrp50sc2wa0atwgxfs8q699eu3n6fazexgmewh0nek3v2f6q3evmue (npub1je7…vmue) pay attention to the FOMC minutes as that's the only thing that matters
> whereas if we don’t get inflation under control because we
don’t tighten enough, now we’re in a situation where inflation will become entrenched and the
costs, the employment costs in particular, will be much higher potentially.
They do not want the inflation *entrenched* which means we have to get prices back down which means some deflation.
https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20221102.pdf
> whereas if we don’t get inflation under control because we
don’t tighten enough, now we’re in a situation where inflation will become entrenched and the
costs, the employment costs in particular, will be much higher potentially.
They do not want the inflation *entrenched* which means we have to get prices back down which means some deflation.
https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20221102.pdf