The Fed’s Dilemma: How Long To ‘Keep at It’ on Inflation: FT

“We definitely are moving into a new phase, and the messaging is a lot trickier,” says Julia Coronado, a former Fed economist who now runs MacroPolicy Perspectives. “It’s one thing to be starting from zero and playing catch-up . . . it’s another to be in the territory where you’re clearly closer to a restrictive stance and the economy and global markets are responding.”