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RE: LeoThread 2025-08-17 05:22

in LeoFinance2 months ago

time the Fed has become concerned about inflation over the last 30 years, they have become over vigilant. And I think many argue that they've actually caused financial crises. So I think J was being prudent in waiting. I think we can look back in retrospect and say, obviously, he was slow. Because there were many reasons to believe that inflation was an exogenous event driven by supply chains and other COVID related matters. Absolutely. I mean, there was a lot of narratives for why that inflation spiked the way it did. And I don't think that those debates are settled. I think we can maybe say that the inflation has been more transitory than many people feared. Whether we can attribute that to Fed policy or not, I'm not sure. But it definitely was more transitory than- You never bought into the argument that, by many people like Larry Summers, that whether or not the inflation was driven by primarily driven by exogenous factors, that it could become embedded through inflation (33/45)