But in the short term, does the situation with the oil price change your outlook of how soon they should be easing? Again? There's a balance here. I think The Fed is worried about maybe the energy component triggering inflationary expectations. On the other hand, it'll be the duration here to see how much it slows the economy and is that slowdown permanent or is it just potential energy that can turn into kinetic energy within the economy and we will bounce back quickly after that. (30:49–30:57)
CLAIM
Asserts that the Fed is concerned about energy prices causing inflationary expectations.
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