Market participants predict inflation will run at an average below 2.5 percent during the period from six to 10 years from now.
(Bloomberg Opinion) -- A consensus has formed that the Federal Reserve waited too long to start tightening money. Ben Bernanke, the former Fed chairman, has said so. Janet Yellen, another former chairman who now serves as Treasury secretary, has implicitly agreed, saying that she, like many other observers, underestimated how high inflation would run for how long.
But Fed watchers are still disagreeing about another question: Is the central bank tightening too much and too fast now?
RSK: The problem is if you curb it too fast and to hard you risk a recession.
Ken Notes: If the governments were smart, and they are not, we could uses this market to build smaller affordable homes, spread our infrastructure rebuild over time, reduce use and produce all carbon fuels locally, stabilize interest rates, work with businesses to lower health care and other benefits, develop job skills and training, and decrease our dependence on foreign goods.
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- - Volume: 10 - WEEK: 24 Date: 6/7/2022 7:54:14 AM -