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U.S. inflation dropping to a 3% range by end of 2023 – Adam Posen says
- NickC25 4y agoNo chance, sadly. The second inflation numbers start to come down and we look like we're in the home stretch, Wall Street will whine and cry about interest rates being too high, and will bribe congress and use them, plus a sympathetic corporate media to put pressure on the Fed to cut rates, and the Fed inevitably will do so aggressively instead of keeping them high, and we'll be right back where we started, but hey - Wall Street and big banks will be happy.
- deleted 4y ago[deleted]
- simonblack 4y agoCheap new bridge, anyone? That won't happen without a lot of painful changes in policies in the meantime.