Thoughts From The Divide – Ruffling Feathers
“Grin and bear it” Considering the grilling Powell got last week for “the difficulties that inflation poses for individuals… especially those with limited means”, he
November 12, 2021
“Grin and bear it” Considering the grilling Powell got last week for “the difficulties that inflation poses for individuals… especially those with limited means”, he
Antipodeans have often been at the forefront of monetary policy experimentation over the course of my career. This time the Wizards of Oz came a cropper. This should highlight the problem with forward guidance taken to extremes and discredit YCC. Whether it matters remains to be seen but for me, oscillating dislocations have truly started.
