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TwoAccomplished t1_jae3104 wrote

Reply to comment by randompittuser in The Fed is yet to catch up to the Taylor Rule estimate by Surlax

He said 0.75 beep hikes were not happening either, then did it 4 times in a row.

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randompittuser t1_jae4u05 wrote

I'm convinced most people are incapable of comprehending nuanced language. Here's what he said regarding 75bps rate hikes in March 22:

"A 75 basis point increase is not something that the committee is actively considering."

And here's what he said about raising the target inflation rate:

"We're not considering that. We're not going to consider that. Under any circumstances. We're going to keep our inflation target at 2%. We're going to use our tools to get inflation back to 2%."

So, you see how the first statement wasn't a dismissal of 75bps rate hikes? But rather a statement about what's been presently considered? There's a lot less nuance in the second statement.

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