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One of the biggest dilemmas is how to THINK ABOUT policy now. If the Fed wants a Soft-Landing, How is that done and what does it mean? ‘Soft Landing’ is much more a dilemma for policy than it is an objective…let’s look at why.
### How the Fed’s 2% inflation target has become a joke
As expected, the ‘debate’ was no such thing. It was a series of soliloquies stitched together by questions asked by interlocuters who never (or rarely) ever asked either candidate to actually answer the questions that were asked.
The Fed does seem to have given up- different ways to look at it. Fed has a dual mandate that Powell slavishly mantra-izes (if that is a word...) before each press conference then he goes 'bait and switch' by promoting Soft Landing ( S-L......
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The writers behind this newsletter.
Economist PhD Fed 1977-83 Fed watcher Irving Trust. Chief Economist at Nikko Securities, International. Widely quoted TV, radio news services globally Over 45 countries visited. A political independent, but rarely indifferent.
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