Matthew Yglesias

@mattyglesias ↗

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Last Checked Sept. 28, 2022

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Tue Jul 19 05:09:42 +0000 2022

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Matthew Yglesias @mattyglesias

Now I think the Fed staff would tell you that the sudden shift strategy is all well and good in academia but in the real world would create market chaos and political panic. It is not obvious to me that this is true, but I can sympathize with the reluctance to experiment. — PolitiTweet.org

Posted July 19, 2022 Hibernated

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Matthew Yglesias @mattyglesias

This is a smart rather than a dumb question — the Fed is change-averse and following a well-established pattern both at home and abroad but I don’t think “slow and steady” has real support in the literature over “move quickly to the endpoint and adjust from there.” — PolitiTweet.org

Question (I am dumb), why does the fed 'smooth' interest rate increases steadily over a year or more rather than ju… https://t.co/uVYX2daaSB

Posted July 19, 2022 Hibernated

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Matthew Yglesias @mattyglesias

@KAErdmann I guess I’d say that I would like some country I don’t live in (Australia or whatever) to run the academic experiment while the Fed sticks with practical banker wisdom until we see a real world trial. — PolitiTweet.org

Posted July 19, 2022 Hibernated