Makes it worse in the short-term, but if you continue to steer boat off course the more drastic the course corrections will have to be later on.
If we are timid now, it will only require larger course corrections later if we want to get inflation under control. The longer we wait, the more inflation gets baked into expectations and pricing.
If we are timid now, it will only require larger course corrections later if we want to get inflation under control. The longer we wait, the more inflation gets baked into expectations and pricing.