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Nov'22 FOMC Digest
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Nov'22 FOMC Digest

Is this Day 1 of The Great Pivot?

Rene Bruentrup's avatar
Rene Bruentrup
Nov 03, 2022
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Fallacy Alarm
Fallacy Alarm
Nov'22 FOMC Digest
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What happened before?

In my Sep’22 FOMC digest, I highlighted that it appears that Jerome Powell…

  1. Does not seem to acknowledge the difference between Monetary Inflation and Dearth Inflation: He justified stricter monetary policy with energy shortages due to the Ukraine war, which is a classical example of Dearth Inflation (true scarcity of certain product…

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