The Fed’s dilemma: how long to ‘keep at it’ on inflation

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Until it comes down.

Typically CBs are late and undershoot, and then overshoot for too long. Difficult to get right as it's a very crude weapon. But if Politicians won't do it by fiscal means there is little choice. In US, bottom out now and keep until new year. Review in February.

Until Ready For CBDC?

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