FILE PHOTO: Federal Reserve Vice Chair Richard Clarida talks on the phone during the three-day"Challenges for Monetary Policy" conference in Jackson Hole, Wyoming, U.S., August 23, 2019. REUTERS/Jonathan Crosby
WASHINGTON - The coronavirus shock to the economy won’t push the United States into a damaging bout of deflation given the Fed’s response and power to do more, Fed vice chair Richard Clarida said on Monday. “Demand is impacted very adversely. On net it is disinflationary. I don’t think it is deflationary. I think we have the tools to keep the economy out of deflation,” Clarida said in an interview on Bloomberg television.
Source: Financial Digest (financialdigest.net)
All Central Bankers are delusional.
Yea printing more money
Yep, called INFLATION!
welcome to the fishers and the rats.
Yeah. What worries me his statement is the tool they call “inflation.”
I hope they figure something out because deflation with a demand, supply, and labor shortages are a recipe for a complete obliteration of our economic system for a very long time.
There could be serious inflation in printer ink!
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