Tempting deflation by aggressively tightening policy before we know if inflation is embedded is irresponsible. The cost of deflation is greater than inflation, and could be impossible to fix
On the brink of fatal policy error
On the brink of fatal policy error
On the brink of fatal policy error
Tempting deflation by aggressively tightening policy before we know if inflation is embedded is irresponsible. The cost of deflation is greater than inflation, and could be impossible to fix