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Maybe the Fed could refrain from deliberately causing a recession then?

RT @jan_eeckhout@twitter.com

I don’t think people fully appreciate that high inflation in the US and the Euro area is over. We are back at 2%

Part of the high inflation perception today is measurement: instantaneous inflation in December is 2% instead of the conventional measure of 6.5%

1/9

??: https://twitter.com/jan_eeckhout/status/1617478919560794112