What Really Caused Inflation
The comments below are an edited and abridged synopsis of an article by John Mauldin
“You won’t be surprised to know I disagree with recent Federal Reserve policy choices. The Fed’s future choices are more important, though. Debating what they should do is one thing. Anticipating what they will do is critical.”
“Today we’ll ‘war game’ what the Fed is facing as it wrestles with inflation, growth, employment, and political considerations. We’ll try to entertain those thoughts as if we’re sitting in the conference room with Jerome Powell.”
Up for discussion: No blank slate; running hot; major adjustment; what really caused inflation; the Fed’s real dilemma; Washington, D.C. and home for the holidays.