James Caton

Aug 22, 2022

This Isn't 1970s-Style Stagflation

"The FOMC’s current policy stance has precipitated a recession that may modestly deepen as it tardily-but-effectively pursues its commitment to restraining inflation." ~ James L....
Jul 26, 2022

A Race to Tame Inflation Expectations

"If the FOMC thinks inflation should be higher than 2 percent on average, it should adopt a higher inflation target—say, 3 percent—and compensate for periods of excess inflation...