Fed silliness. Make-up Inflation? When a central bank undershoots its inflation target, Mr…

Sechel

Fed silliness. Make-up Inflation?

When a central bank undershoots its inflation target, Mr Powell explained, it can promise to the public that it will overshoot in the future. As it makes up for lost inflation, the bank would also be making up for lost growth.

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hmk
hmk

I wish they would poll the public and see if they want the value of their saving diminished. They are incompetent govt shills. I take that back they are competent in that they are serving their money masters well, in that the govt is the prime beneficiary of inflation as it erodes the value of their massive debt.


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