This is quickly becoming a reality.
Business activity is decelerating as inflation remains historically elevated.
The set of policies to fix one problem would worsen the other.
Note that a similar divergence occurred prior to the Global Financial Crisis.#trapped pic.twitter.com/7R8WQT67rV
— Otavio (Tavi) Costa (@TaviCosta) September 27, 2021
Everyday foods that could soon become luxuries…
The White House must want to taper too
Fed’s Brainard Says Labor Market May Soon Meet Mark for Taper https://t.co/YecYMM6tru
— The Long View 🌑 (@HayekAndKeynes) September 28, 2021