Inflation has been above the 2% target for more than five years . This is not a "temporary loss of control after the supply shock", but a long-term credit attack and defense war.
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- LeilaLynch·09-17Five years in and core PCE has still been drifting lower. That sounds more like long-tail noise after the supply mess than some permanent inflation siegeLikeReport
- JessieTheresa·09-17The credibility part is worse — five years of missed calls and the 2% story still gets sold like nothing changed. Market still buying that anchor?LikeReport