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𝟸𝟼𝟶𝟼𝟷𝟸 첫콘 𝙶𝚛𝚊𝚟𝚒𝚝𝚢 : 𝚝𝚑𝚎 𝚏𝚘𝚛𝚌𝚎 𝚋𝚢 𝚠𝚑𝚒𝚌𝚑 𝚊𝚕𝚕 𝚘𝚋𝚓𝚎𝚌𝚝𝚜 𝚠𝚒𝚝𝚑 𝚖𝚊𝚜𝚜 𝚊𝚝𝚝𝚛𝚊𝚌𝚝 𝚎𝚊𝚌𝚑 𝚘𝚝𝚑𝚎𝚛.

10,220 Aufrufe • vor 2 Monaten •via X (Twitter)

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2/ This is why central banks "look through" supply shocks. Watch the SARB Governor say it: "𝚃𝚑𝚎 𝚘𝚗𝚐𝚘𝚒𝚗𝚐 𝙼𝚒𝚍𝚍𝚕𝚎 𝙴𝚊𝚜𝚝 𝚌𝚘𝚗𝚏𝚕𝚒𝚌𝚝 𝚒𝚜 𝚊 𝚌𝚕𝚎𝚊𝚛 𝚒𝚗𝚜𝚝𝚊𝚗𝚌𝚎 𝚘𝚏 𝚊 𝚜𝚞𝚙𝚙𝚕𝚢 𝚜𝚑𝚘𝚌𝚔 𝚠𝚑𝚒𝚌𝚑 𝚛𝚊𝚒𝚜𝚎𝚜 𝚙𝚛𝚒𝚌𝚎𝚜 𝚠𝚑𝚒𝚕𝚎 𝚠𝚎𝚊𝚔𝚎𝚗𝚒𝚗𝚐 𝚍𝚎𝚖𝚊𝚗𝚍. 𝚃𝚑𝚎 𝚜𝚝𝚊𝚗𝚍𝚊𝚛𝚍 𝚛𝚎𝚜𝚙𝚘𝚗𝚜𝚎 𝚝𝚘 𝚊 𝚜𝚞𝚙𝚙𝚕𝚢 𝚜𝚑𝚘𝚌𝚔 𝚒𝚜 𝚝𝚘 𝚕𝚘𝚘𝚔 𝚝𝚑𝚛𝚘𝚞𝚐𝚑 𝚏𝚒𝚛𝚜𝚝 𝚛𝚘𝚞𝚗𝚍 𝚎𝚏𝚏𝚎𝚌𝚝𝚜 𝚠𝚑𝚒𝚌𝚑 𝚊𝚛𝚎 𝚞𝚗𝚊𝚟𝚘𝚒𝚍𝚊𝚋𝚕𝚎 𝚊𝚗𝚍 𝚌𝚊𝚗𝚗𝚘𝚝 𝚋𝚎 𝚜𝚝𝚘𝚙𝚙𝚎𝚍 𝚋𝚢 𝚒𝚗𝚝𝚎𝚛𝚎𝚜𝚝 𝚛𝚊𝚝𝚎 𝚌𝚑𝚊𝚗𝚐𝚎𝚜." This is the SARB Governor saying almost word-for-word what Powell explained at Harvard. "𝙲𝚊𝚗𝚗𝚘𝚝 𝚋𝚎 𝚜𝚝𝚘𝚙𝚙𝚎𝚍 𝚋𝚢 𝚒𝚗𝚝𝚎𝚛𝚎𝚜𝚝 𝚛𝚊𝚝𝚎 𝚌𝚑𝚊𝚗𝚐𝚎𝚜" is the same point Powell makes, the Fed's tool works on demand, not supply. The SARB Governor is applying the same framework to a South African context, in real time. This is the global central banking consensus.

David (TalkingCents)

106,531 Aufrufe • vor 4 Monaten