3 ms·
Not sure whose consensus that is, but I don’t think it’s central bankers’. Their ability to fight inflation is tied up in market participants believing they wi
by bradleyjg 4y ago
Not sure whose consensus that is, but I don’t think it’s central bankers’.
Their ability to fight inflation is tied up in market participants believing they will do what it takes to do so even in the face of harsh costs. If that reputation comes into doubt, we could end up with the worst of both worlds.
- roflyear 4y agoMaybe, but it seems to be what most investing-minded people seem to be ok with. I'm just a guy on the internet sharing my thoughts, btw.