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> The fed could have done a better job giving long term guidance the fed can't give long term guidance, because they can't possibly predict shocks that would h
by chii 4y ago
> The fed could have done a better job giving long term guidance
the fed can't give long term guidance, because they can't possibly predict shocks that would happen that require them to change the interest rate.
It's like asking mother earth to give a warning before an earthquake.
- polygamous_bat 4y agoOr more literally, asking mother earth to give a warning before a global pandemic and Putin to give a warning before an invasion.
- cpgxiii 4y agoAnd, humorously, there were months of clamor for increased rates and months of warning from the US government before Russia invaded Ukraine. Bank risk managers can't pretend there wasn't lots of warning for both developments, starting at least ~15 months ago.