Paul Krugman

@paulkrugman ↗

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Last Checked March 16, 2022

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Fri Feb 11 14:41:53 +0000 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

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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

What about fiscal policy? It's not going to be a big factor, partly because even if BBB is salvaged it won't provide a lot of short-term stimulus, partly precisely because the ability to control inflation with monetary policy allows fiscal policy to focus on the long run 4/ — PolitiTweet.org

Posted Feb. 11, 2022