@tillyhazel@kpottermn Incredibly high probability the merger would have succumbed Jetblue into bankruptcy. You may want to get informed, you know, by reading up on the documents and analysis presented during the hearing. Very insightful.
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You can't get rid of inflation by pivoting and easing financial conditions at the first sign of disinflation. That's what William Martin did in the late 60's, which ended up in him saying of his 19 year run as Fed Chair "I've failed".
"The scale of the supply shock βwe're seeing in the aluminium market is probably the largest single supply shock a base β metals market has suffered in the post-2000 era" π¬ https://t.co/DANwhQHImw
@rev_cap@jasonfurman@TheStalwart@mattyglesias Way worse than Burns! Back then, Burns didn't have access to so many sources of information and real time data as we have today.
Think much easier to react and adjust today.
The year is 5021. 2% inflation is but a dim memory, a fairy tale told to children. People speak of the before times when the Fed treated 1.8% inflation as a deflationary crisis...