Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated No

Last Checked Aug. 17, 2022

Created

Fri Jul 15 17:47:15 +0000 2022

Likes

205

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

Paul Krugman @paulkrugman

And that appeared to be a real possibility. Fortunately, however, every measure we have says it didn't happen: markets and surveys both say that medium-term inflation expectations remain anchored. That is, it looks as if the Fed responded in time 4/ — PolitiTweet.org

Posted July 15, 2022

Preceded By

Paul Krugman @paulkrugman

The fear has always been that by responding too slowly to inflation, the Fed would allow it to become "entrenched" — that is, that wage and price setting would start to reflect expectations of sustained future inflation, requiring a Volcker-type regime of pain to undo 3/ — PolitiTweet.org

Posted July 15, 2022

Followed By

Paul Krugman @paulkrugman

If so — and we won't know for a while whether these expectations measures are good, but they're what we have — the end result of policy will have been pretty good. Rapid employment recovery, a nasty but brief inflation overshoot, but no extended slump 5/ — PolitiTweet.org

Posted July 15, 2022