Quote:
Originally Posted by Slava
This is just hindsight bias. When he made those comments there were not all of the supply-chain issues we've seen over the past year. And frankly, it's hard to argue that the war in Ukraine hasn't caused a lot more of a spike in inflation than could've been expected.
But still...what would you have them do here? Just stick to the 0.25% and be able to tell everyone that they said they'd keep rates low, so they were doing that? It's preposterous.
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It's kind of the same as the "remove covid restrictions" crowd. They don't like reality, but they have no better solution. Sometimes they do what they have to do.