It Could Happen Here Weekly 160

6447.429 - 6471.313 Mia Wong

Former Federal Reserve Governor Daniel Tarullo said, quote, the substantive point is that we do not at present have a theory of inflation dynamics that works sufficiently well to be of use for the business of real-time monetary policymaking. So again, this is a guy who used to be a Federal Reserve Governor who has admitted that they have no idea what the fuck is going on with inflation.