Posted 1/14/2024, 6:39:48 PM
Federal Reserve Risks Repeating History by Pivoting on Inflation Too Soon
- Flaw #1 - Viewing the inflation cycle as a short-term event rather than the long-term problem it is
- Flaw #2 - Relying on short-term inflation measures rather than looking at the full picture since 2020
- Flaw #3 - Disregarding the accumulated damage from high inflation over the past 3 years
- The Fed is mistakenly acting like 2-3% inflation now means the problem is solved
- History is repeating past mistakes that allowed inflation to persist by pivoting policy too soon