“Federal Reserve” waving magic wand “2 out of 2”

صحيفة الاقتصادية

“Federal Reserve” waving magic wand “2 out of 2”

According to Rogoff's own account, opposition to early anti-inflation hysteria was not a marginal point of view. Instead, it was one of the rare points agreed upon by the left and many prominent members of almost the main parties. As for Fed economists, Rogoff acknowledges the possibility that when “price growth accelerated in late 2021... They really believed that inflationary pressures were temporary.” Yes, it is possible.