There isn´t much doubt or debate about it, and the Fed is poorly prepared! Greg Ip: Inflation is going to head up this year — on that there isn’t much debate. Carmen & Vincent Reinhart: Major central banks’ fixation on inflation betrays a guilty conscience for serially falling short of their targets. It also raises the risk that in fighting the last war, they will be poorly prepared for the next – the battle against too-high inflation. In his Testimony, Powell said he wants to see inflation go back to 2%, but does not want to risk “overheating” the economy….
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