Paul Krugman

@paulkrugman ↗

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Last Checked March 16, 2022

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Fri Feb 11 14:40:12 +0000 2022

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Paul Krugman @paulkrugman

Given the pace of recent inflation, the Fed is clearly right to raise rates, while keeping an eye on the data for clues about when to stop. Important to realize that this is completely normal: raising rates to cool off an overheated economy is part of the job description 2/ — PolitiTweet.org

Posted Feb. 11, 2022

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Paul Krugman @paulkrugman

I haven't joined in reading the entrails of the latest CPI print or Fed Kremlinology over the pace of rate hikes; someone has to do these things, but not sure I have anything to contribute. I do, however, think it's important to say something more general about Fed policy 1/ — PolitiTweet.org

Posted Feb. 11, 2022

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Paul Krugman @paulkrugman

And if we end up a year or year and a half from now with inflation back to an acceptable level and a Fed funds rate of, say, 200 basis points that will actually be a good outcome: we *want* to get off the zero lower bound so monetary policy can respond to future recessions 3/ — PolitiTweet.org

Posted Feb. 11, 2022