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www.frbsf.org
| | www.moneyandbanking.com
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| | Since May 2021, we have criticized the Federal Reserves lagging response to surging inflation. In our view, both policy and communications were inadequate to address the looming challenge. Early this year, we argued that the Fed created a policy crisis by refusing to acknowledge the rise of trend inflation, maintaining a hyper-expansionary policy well after trend inflation reached levels far above their 2% target, and failing to articulate a credible low-inflation policy. Against this background, we comm...
| | libertystreeteconomics.newyorkfed.org
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| | Elevated inflation continues to be a top-of-mind preoccupation for households, businesses, and policymakers. Why has the post-pandemic inflation proved so persistent? In a Liberty Street Economics post early in 2022, we introduced a measure designed to dissect the buildup of the inflationary pressures that emerged in mid-2021 and to understand where the sources of its persistence are. This measure, that we labeled Multivariate Core Trend (MCT) inflation analyzes whether inflation is short-lived or persis...
| | www.atlantafed.org
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| | The Atlanta Fed's GDPNow tool is watched closely these days amid concerns about inflation and the Fed's raising of the fed funds rate. Read Economy Matters for a look at what the GDPNow is and what it is not.
| | www.keithhennessey.com
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| In March I wrote: I will not vote for Donald Trump for the Republican presidential nomination. If he wins the nomination I will not vote for him for President. This is not a tough call. Donald Trump is an ignorant, unprincipled, amoral policy lightweight opposed to free market capitalism and limited government. ... Donald Trump is dangerous. ... Donald