It seems like the economy is kind of doing this on its own? The Fed has been keeping rates higher, despite political pressure, without yet having achieved the inflation target.
i dont understand. the economy is the royal we doing things. the economy doesnt experience time if we arent doing thongs to ourselves. this isnt a distinction with a difference
This is what I was replying to. At least to me, saying the economy did something on its own takes the agency and responsibility off of us. My point was that the economy is just backward looking analysis of how money changes hands, it does nothing by itself and when things change its the result of us making decisions.