Powell Aims to Dodge Japan Deflation Trap With Dovish Fed Tilt
He has the shadow of 1972 and 1932. He has a single recession cycle to do his magic. He is trying to keep the can kick on target.
Nope, that is not efficient. Technology alone will swamp the boat. I think Powell and company need to keep a 1972 plan in their pocket. We have this problem, unpriced productivity that has been held up with insurance guarantees in Congress. We are deflationary in a massive price distortion.
So, reconcile accounts, update the system and move on. Otherwise the necessity of price will force us to move on to another currency system.
So, reconcile accounts, update the system and move on. Otherwise the necessity of price will force us to move on to another currency system.
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