Fed’s Kashkari: Inflation is not being driven by wages Fed CentralBanks DollarIndex Inflation
Today's inflation is caused by supply chain challenges, stimulus, Russia's invasion of Ukraine.Our traditional models to analyze economy are not working very well right now.Fed's job is to bring demand down to balance to lower level of supply.Once we do I would expect interest rates to normalize.if we get further help on the supply side that increases the probability of a soft landing.
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