I thought I’d try doing a simple audio commentary for a post, for those who perhaps might want to listen first instead of read. I’m not sure if there'd be enough demand, so this is just an off the cuff trial run. Stream of consciousness.
Let me know any feedback in the comments.
(Note that there is some “popping” in the audio. Sorry.)
Two-Percent is the Floor
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"It used to be that the Fed would tell us that they wanted CPI to be 2% on average, and I think we've moved to a world where now, very clearly, 2% CPI is the floor."
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