The inflation bogeyman and the Fed reaction function

Listen, the big news today is that, yesterday, I got the first shot of a two-shot Pfizer COVID-19 vaccination dose. I feel well less than 100% today to be honest. But my spirits are good. The next appointment is in three weeks. Within a couple of weeks, my mom, my sister, my wife and I can all interact like normal people again without fear of infecting …

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