"Surprised" Clarida Downplays Soaring CPI, Which Is Due To "Transitory Forces"
May 12th 2021 9:27am EDT
“Surprised” Clarida Downplays Soaring CPI, Which Is Due To “Transitory Forces” While we, like everyone else, were shocked by the strongest core CPI print since 1981 when as a reminder, the Volcker Fed was engaged in a nightmarish fight with “non-transitory” inflation, pushing the Fed Funds rate as high as 20%, we were quick to […]
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