Pretty telling me that he is saying with almost certain confidence that we were going to be experiencing strong inflation back in February when it was not a consensus viewpoint.
Even more so because he's on the record being in the deflation camp since 2012 and only switched back to inflation expectations earlier this year. He clearly has a framework for thinking through this which aligns with reality.
Even more so because he's on the record being in the deflation camp since 2012 and only switched back to inflation expectations earlier this year. He clearly has a framework for thinking through this which aligns with reality.