Episode 105
Average-Inflation Targeting in a Washington without Hawks
Notes on the Week Ahead · J.P. Morgan Asset & Wealth Management
August 24, 20207m 46s
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Show Notes
Washington Hawks flourished in the late 1970s and 1980s, when deficits and inflation were seen as significant threats to the nation. However, their numbers have dwindled in recent years due to persistent low inflation and the rise of populism. The current pandemic recession appears to have dealt a death blow to the species and its traditional habitat has now been taken over by swirling flocks of red and blue doves.