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What number do you consider "not small", and do to promise to reconsider your priors when it's reached? The doom slinging on this issue really is getting ridic
by ajross 3y ago
What number do you consider "not small", and do to promise to reconsider your priors when it's reached?
The doom slinging on this issue really is getting ridiculous. People picked their rhetoric based on an assumption of 8-9% a year ago (for baldly partisan reasons) and are refusing to reconsider when it turned out the doom didn't arrive.
- georgeplusplus 3y agoIts not doom slinging. They have a target and even with all the raises they have done they cannot hit that target as banks are clearly under stress or they would raise more. This should come across as odd to you. The historical norm has been the 2% benchmark and the onus should be on the fed to get there.
- ajross 3y agoThat's precisely doom slinging. "Banks are clearly under stress" is just ridiculous on it's face. And "historical norm" was literally and clearly refused upthread. What are you citing?