Edward McKelvey
Edward McKelvey
concerned doubt market
Is the market concerned about it? Yes. Is it a significant concern? I doubt it.
complacent decision financial markets means
In our view, the financial markets are much too complacent about what a decision to keep tightening means at this juncture.
circumstance collapse committee higher inflation means prepared risk worried
If under these circumstances the F.O.M.C. is prepared to keep going, then this means that the committee is more worried about the longer-term risk of higher inflation than the shorter-term risk of a collapse in growth.