Re:Can the West’s perplexing employment miracle continue?
by bradleyjg on Sunday March 05, 2023 @07:28PM
(#35035918)
Not sure whose consensus that is, but I don’t think it’s central bankers’.
Their ability to fight inflation is tied up in market participants believing they will do what it takes to do so even in the face of harsh costs. If that reputation comes into doubt, we could end up with the worst of both worlds.
Their ability to fight inflation is tied up in market participants believing they will do what it takes to do so even in the face of harsh costs. If that reputation comes into doubt, we could end up with the worst of both worlds.