As usual with @WSJ or @FT, the comments are better than the article.
cc @jasonfurman https://t.co/Gbl4FfSaXu pic.twitter.com/gDndHJOb1k
— Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) August 21, 2023
Raising the inflation target is literally the worst possible thing they could do at this juncture. If they unanchored inflation expectations… long-end comes through like a wrecking ball… if you want to destroy a nation that would be the way to do so https://t.co/I4b53C6EnH
— Will DeCotiis (@Will_DeCotiis) August 21, 2023
Should the Fed Declare Defeat and Move On?@Gary_Brode @tyillc @dlacalle_IA @jasonfurman
The Wall Street Journal author Jason Furman fires the opening salvo by mainstream media pleading for higher inflation targets.https://t.co/ahEnALvBiR pic.twitter.com/7zRjwA5oPh
— Mike "Mish" Shedlock (@MishGEA) August 21, 2023
h/t Simian_Stacker