• This year was a year of uncertainty, with many systems being fragile and the promise of “This is How It Will Be” being broken.
• The Federal Reserve’s job is to manage expectations and to make sure that inflation expectations do not become unanchored.
• Causes of inflation include deglobalization, tightness in labor markets, sky high energy and commodity prices, WFH trends, and supply bottlenecks.
• The Fed’s tools are ambiguous in the context of real world narrative, and their treatment plan should be bolstered by additional toolsets.
• On a micro level, uncertainty can be a fuel as we navigate new normals, and individual actions are what shape the world that we live in.
• Love is an action, a way that we exist in the world rather than a relationship, and this year was a year to recognize that the world does react to us.
Published December 29, 2022. Visit Kyla’s Newsletter to read kyla scanlon’s original post.