They always tell us that monetary policy works with a lag. Who am I to argue. They’re the experts.
The purple line is total Fed system credit. The other lines are various measures of inflation.
They say it will only hurt for a little while.
They always tell us that monetary policy works with a lag. Who am I to argue. They’re the experts.
The purple line is total Fed system credit. The other lines are various measures of inflation.
They say it will only hurt for a little while.
