“The best thing we can do for the US is to fully restore price stability, and not fail in that task, and do it as quickly as possible, but also with the least damage we can.”
Our drunken sailors “hate inflation, hate it,” and are in a foul mood, but are in good shape and keep spending.
The shocker was the infamous “dot plot”: Higher for even longer, ending the year 2024 at 5.25%.
“In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time…”
“… to assess additional information and its implications for monetary policy.”
Stepping on the brake with one foot while putting an arm around the baby to keep her from hitting the dashboard.
Last week sinks in, and WHOOSH go yields.