Paul Krugman

@paulkrugman ↗

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Last Checked April 3, 2023

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Tue Mar 14 13:15:10 +0000 2023

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Paul Krugman @paulkrugman

Two risks are a "no landing" scenario, in which economy just doesn't cool off, and an "air pocket" scenario in which past rate hikes finally hit construction employment hard. Absent SVB Fed would probably just keep gradual hiking; maybe even with SVB 3/ — PolitiTweet.org

Posted March 14, 2023

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Paul Krugman @paulkrugman

My story for where we are: inflation came down substantially with no significant rise in unemployment, suggesting a near-vertical Phillips curve, but economy is still running too hot to get it down to target. 2/ — PolitiTweet.org

Posted March 14, 2023

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Paul Krugman @paulkrugman

Schrodinger's CPI — PolitiTweet.org

Depending on the measure you prefer, inflation is either already at the Fed's target, a bit above target, or a lot… https://t.co/zbEfe4H2of

Posted March 14, 2023