We need 1 full point per quarter until all vestiges of inflation are exterminated.
Of course that is so painful we’ll never see it and be dealing with inflation until the very big bubble pops.
That’ll be really, really bad.
The people that think the bankers are bluffing on raising interest rates, are going to be disappointed over the next couple of years.
The era of cheap money and malinvestments with that cheap money is coming to an end.
Good riddance, the central bank left the punch bowl “out so long” that the punch evaporated.