Tracing some of the consequences of one of my favorite graphics that I've been following, including for all things labor market dynamism related.
I fear that at least an influential portion of the Fed feels that rates need to rise a lot more and are creating sound justification to prevent any passivity that would work against that.
I fear that at least an influential portion of the Fed feels that rates need to rise a lot more and are creating sound justification to prevent any passivity that would work against that.