Here's your summary from The Disinflation Debate (https://www.youtube.com/watch?v=9irKAWJhwT8) on the Bloomberg Television channel:

### TLDR:

Disinflation momentum is expected to surprise with inflation likely to decrease to 1.5% by next year, Fed may be slow to cut interest rates due to past mistakes.

### Key Points:

1. Disinflation momentum is expected to bring inflation down to 1.5% by next year.

2. People often confuse prices with inflation, which is the year-over-year percent change in the price level.

3. The Fed may be slow to cut interest rates due to past mistakes and the need to regain credibility.

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