Tim Knowles
Feb 23, 2024

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I would say that you don't get a reduction in inflation without giving up a few points of growth. I think that is what happened, but we did not see higher unemployment or a recession because of finesse, the velvet hammer. Growth might have been higher if interest rates were not raised but so would have inflation been higher. I don't know whether it was truly skill or maybe a little luck, but it seems the economy hit a happy medium sort of Goldilocks moment. Not too hot and not too cold.

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Tim Knowles
Tim Knowles

Written by Tim Knowles

Worked in our nations space programs for more than 40 years

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