Paul Krugman

@paulkrugman ↗

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Last Checked April 3, 2023

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Fri Feb 24 15:48:14 +0000 2023

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Paul Krugman @paulkrugman

What I think/fear is happening: significant disinflation came easily, suggesting a steep tradeoff and no need for many years of mass unemployment. But economy has barely cooled off despite rate hikes. 2/ — PolitiTweet.org

Posted Feb. 24, 2023

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Paul Krugman @paulkrugman

Late to this, but yes. Putting all the various indicators together, inflation seems to be moving sideways, and is still unacceptably high. Suggests that the economy remains too hot, and very hard to argue against more Fed hikes. — PolitiTweet.org

One month doesn't change the entire thing; there has been real lowering of inflation over the past year with a stro… https://t.co/P29dsr2gVE

Posted Feb. 24, 2023

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Paul Krugman @paulkrugman

So picture might look like this, with unemployment gap on horizontal axis. The problem hasn't been a difficult inflation tradeoff; it has been the resilience of the economy to rate hikes 3/ https://t.co/gxzJgrxjgE — PolitiTweet.org

Posted Feb. 24, 2023