If taken too literally, Fed inflation averaging begs range of questions over dates that will be considered. It is best

If taken too literally, Fed inflation averaging begs range of questions over dates that will be considered. It is best to read it, as it is intended, as a sign of long-run dovishness in response to failure of existing inflation models. @jmackin2
wsj.com/articles/a-fle… https://t.co/9de2ZKLP2S

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