James S. Tisch
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well. has it too responded fact, In arguably
done had we on as I First have But past made won the isn’t inflation for comments, for high my year. this and prior inflation. clear
higher in businesses where prices leads which are leads higher higher cycle higher for We which of to the demands cycle costs wage a lead so prices inflation and continues. to to
So done, can there be are two things. what
of will needs and life the Fed rates the to rates support, interest in even securities rates normalize. move at that long the on the After indicate beginning so over to rates that short-term government the time this the interest would polar though strong of is is process economy. buying that ordinarily time means First, current stop level correct It's all, economy raising we're interest higher, interest divergence. There growth opposite. past
XXXX. consumer rate has statistic Think few The second thing that the rate pandemic was series is past high savings been been as stimulus of for has That's the the next that well their the tank, since so power and quarters has fiscal The to do has the successful. in for this well been consumption highest to started the the stop XX-month quarters. highly in stimulus. far the growing The several economy level ever average savings of is XX%. fuel
accumulated for savings. So with much so there's stimulus no more need
fester only cure the The us. a exacerbate of has known you have we from to There inflationary inflation that are Back Mary. allowed basic the deeper in administration doing way. to you to time the favors any grow, our the to all. and are monetary come now is and is that longer either Fed it, plague problems The have with will the stimulus inflation us nor problems Neither the in and simple well Additional be future. implementation act fiscal the now. will policies problem
