Pretty telling me that he is saying with almost certain confidence that we were going to be experiencing strong inflation back in February when it was not a consensus viewpoint.
Even more so because he's on the record being in the deflation camp since 2012 and only switched back to inflation expectations earlier this year. He clearly has a framework for thinking through this which aligns with reality.
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[ 2.4 ms ] story [ 13.0 ms ] threadEven more so because he's on the record being in the deflation camp since 2012 and only switched back to inflation expectations earlier this year. He clearly has a framework for thinking through this which aligns with reality.