What Really Caused Inflation

No Blank Slate

Running Hot

Major Adjustment

What Really Caused Inflation

The Fed’s Real Dilemma

Washington, DC, and Home for the Holidays

You won’t be surprised to know I disagree with recent Federal Reserve policy choices. The Fed’s future choices are more important, though. Debating what they should do is one thing. Anticipating what they will do is critical.

Today we’ll “war game” what the Fed is facing as it wrestles with inflation, growth, employment, and political considerations. We’ll try to entertain those thoughts as if we’re sitting in the conference room with Jerome Powell.