- Front-loading rate cuts before it's clear inflation won't be persistent could be a mistake
- I am still concerned about inflation
- If rates were excessively restrictive, I would expect a drag on business investment but it's been surprisingly strong
- Still relatively optimistic that tariffs won't drive up inflation broadly and rates can come down
- Fed policy has been mildly, moderately restrictive
- Normally would think that a drop in immigration would drive up inflation
Goolsbee and Miran have been all over the newswires lately.
