We are beginning to think that JayPoo is the Truman Burbank of central bankers. Like the character played by Jim Carrey, he apparently lives on a fake economic stage set and doesn’t know it. How else can you explain this doozy from his Jackson Hole speech:
.”…..and time will tell whether we have reached 2% inflation on a sustainable basis.”
As our 4-year old granddaughter would say: Golly gee willikers!
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