May 18, 2021 at 08:32PM
Why the Fed sees all inflation data as noise and won’t act on it
The Fed might disregard inflation
There was a revealing moment in Clarida’s yesterday that didn’t get the attention it deserves.
He was asked about inflation and he responded by saying that because he expected it
to rise due to transitory factors, he would be placing more emphasis on
employment metrics in the coming months.