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i dont know anything about macro and im not a very good economist in general but it seems reasonable to me like if im making long-term investment decisions i probably care more about average inflation than whether they try their best to hit 2% each year?
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I wonder whether this oscillation is damped
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I am being gaslit by the federal reserve
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their primary mission since 1913
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Nah, just need to soak up liquidity. Like, with a sponge.
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cynical interpretation: they know if they actually raise rates everything will explode, so they're grasping for excuses to avoid doing that
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cynical explanation isn't good, there's been a decade long war within macro to try to get them to adopt something like this
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