Matthew Yglesias

@mattyglesias ↗

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Last Checked July 12, 2022

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Thu Nov 18 16:09:35 +0000 2021

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Matthew Yglesias @mattyglesias

My view is closer to Furman's — basically I think that because inflation came in hotter than the Fed's forecasts, they now need to "do something" even if the "something" that they do is really just shifting guidance around. — PolitiTweet.org

Posted Nov. 18, 2021 Hibernated

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Matthew Yglesias @mattyglesias

And one big driver of this disagreement is actually not about the inflation outlook at all. Instead it's a technical disagreement over whether tapering constitutes tightening of monetary policy or slowing the pace of expansion of monetary policy. — PolitiTweet.org

Posted Nov. 18, 2021 Hibernated

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Matthew Yglesias @mattyglesias

Why am I right? I think the way I'd put it most simply is that if you're going to make forecasts at all then you need to react to blowing the forecasts. That the Fed erred in the opposite direction 5-10 years ago is no reason to err today. — PolitiTweet.org

Posted Nov. 18, 2021 Hibernated