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Nathan Castle's avatar

It seems like the right time to experiment with a 200bps (or more) hike was 6+ months ago. I don't really understand how people see the Fed as credible at all on inflation given the now long track record of not taking inflation seriously. The destruction of their reputation for maintaining price stability seems to be a FAIT accompli...

Still, I'm glad to see at least some folks finally on board with faster rate hikes.

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Scott Williams's avatar

Shouldn’t they do it just for the data point? Will we never know for sure the effect of a rapid rate hike? Go for it. If it’s more effective, we should no, if not, we’ll know not to do it again. One risk to inform all the future.

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