Worth noting that the current Fed chair, Jerome Powell has been much more dovish on inflation—much more so than his predecessors. While it is hard to draw lessons from a sample size of just a few years, it’s been interesting to witness the effects so far, finding very low unemployment (3.6% in 2019) and not finding large inflation until 2021 after spending record amounts of money in economic stimulus.
Noted. Amongst shorter-term factors/trends those two do seem particularly relevant. I’ve honestly not dug into Jerome Powell’s monetary policy stance.
Worth noting that the current Fed chair, Jerome Powell has been much more dovish on inflation—much more so than his predecessors. While it is hard to draw lessons from a sample size of just a few years, it’s been interesting to witness the effects so far, finding very low unemployment (3.6% in 2019) and not finding large inflation until 2021 after spending record amounts of money in economic stimulus.
Noted. Amongst shorter-term factors/trends those two do seem particularly relevant. I’ve honestly not dug into Jerome Powell’s monetary policy stance.