From Lisa Abramowicz and the Wharton Prof:
... and this on US #inflation expectations.
— Mohamed A. El-Erian (@elerianm) March 18, 2022
Thanks @lisaabramowicz1
My sense:#markets feel that, despite what Chair #Powell said, the #Fed is more likely to risk higher inflation for longer than risk hitting the policy brakes too hard and pushing the economy into a recession. https://t.co/GlyC4o7cwX
And from Ms. A doing a solo:
A combination of a strong real economy and unexpectedly high inflation means that the Fed’s policy rate is currently far too low: Bullard. The Fed "will have to move quickly to address this situation or risk losing credibility on its inflation target." https://t.co/6B354RuTxp
— Lisa Abramowicz (@lisaabramowicz1) March 18, 2022
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