The Fed Needs to Introduce Two-Sided Risk to Its Next Move to Slay Inflation
3circleinvestments.substack.com
In order to bring inflation back down to 2%, the Fed has to be as willing to raise rates as they are to cut them. For now, the asymmetry of its policy toward an easing bias is self-defeating.
The Fed Needs to Introduce Two-Sided Risk to Its Next Move to Slay Inflation
The Fed Needs to Introduce Two-Sided Risk to…
The Fed Needs to Introduce Two-Sided Risk to Its Next Move to Slay Inflation
In order to bring inflation back down to 2%, the Fed has to be as willing to raise rates as they are to cut them. For now, the asymmetry of its policy toward an easing bias is self-defeating.