Macroeconomics is a pseudoscience, like astrology. It’s time for everyone to start pointing and jeering.https://twitter.com/hbdchick/status/845776954594938880 …
my impression is Fed has been predicting “return to normal in 1-2 years” for ~7 years, and wrong throughout.
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but I don’t follow this closely.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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You mean return to their long-term inflation target?
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That, and return to normal interest rates (nominal and/or real).
End of conversation
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