GLJ Research’s Gordon Johnson says the Fed has now overseen 63 straight months of US inflation above its 2% target, calling its anti-inflation credibility into

GLJ Research’s Gordon Johnson says the Fed has now overseen 63 straight months of US inflation above its 2% target, calling its anti-inflation credibility into question. He points to 175 bps of projected 2024-25 rate cuts and renewed QE as evidence.