Fmr. Obama Economic Adviser: The Fed Can Fix Inflation

‘The Fed needs to pivot, the Fed needs to stop loosening and start moving towards tightening if we’re going to get inflation under control’

EXCERPT:

FURMAN: "Maybe on an EQ front they have. You know, six months ago I think they could have been doing more to talk about the opinion of inflation and less to talk about how inflation was transitory. In fairness, most forecasters did expect it to be transitory. I didn’t expect it to be transitory, but a lot of people got it wrong this past year. I don’t see what they can do about it right now. It’s really at this point the Fed’s job. The Fed needs to pivot, the Fed needs to stop loosening and start moving towards tightening if we’re going to get inflation under control."

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