Matthew Yglesias

@mattyglesias ↗

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Last Checked Sept. 28, 2022

Created

Wed Oct 13 19:56:29 +0000 2021

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Matthew Yglesias @mattyglesias

The Fed should say they're raising the target to four percent. We're a little below that now at Core PCE and a little above in headline PCE, so they will tighten policy as appropriate to prevent inflation from rising further but will not try to push it down. — PolitiTweet.org

Posted Oct. 13, 2021 Hibernated

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Matthew Yglesias @mattyglesias

This is why I think promising that inflation will rapidly fall to two percent is a counterproductive mistake — of course companies will be reluctant to make the investments needed to meet this higher level of demand if you tell them it will go away soon. — PolitiTweet.org

Posted Oct. 13, 2021 Hibernated

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Matthew Yglesias @mattyglesias

The alternative is to say that because services expenditure is still depressed, as the pandemic fades people will rotate back into services and goods consumption will fall back to trend level. That could happen, but making it our strategy depresses investment. https://t.co/EtEIXHBSIb — PolitiTweet.org

Posted Oct. 13, 2021 Hibernated