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Paul Krugman
pkrugman.bsky.social
did:plc:vl7iw2awdpm72srjve3f4fj2
A quick thought on the Fed. Right now the economy and labor market look a lot like late 2019. At the time the Fed was forecasting 1.9% core inflation over the next year, and the Fed funds rate was 1.75. Now it expects 2.4% inflation and FF rate is 5.5. 1/
2024-01-05T14:26:47.952Z