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   feld (feld@bikeshed.party)'s status on Saturday, 13-Jan-2024 03:33:48 JST feld

   in reply to
   @mwt pay attention to the FOMC minutes as that's the only thing that matters
   
   > whereas if we don’t get inflation under control because we
   don’t tighten enough, now we’re in a situation where inflation will become entrenched and the
   costs, the employment costs in particular, will be much higher potentially.
   
   They do not want the inflation *entrenched* which means we have to get prices back down which means some deflation.
   
   https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20221102.pdf