The Federal Reserve is preparing to effectively abandon its strategy of pre-emptively lifting interest rates to head off higher inflation, a practice it has followed for more than three decades.
Instead, Fed officials would take a more relaxed view by allowing for periods in which inflation would run slightly above the central bank’s 2% target, to make up for past episodes in which inflation ran below the target.
Or to rephrase it. MMT was and always will be a sham to reallocate wealth into the hands of the rich at the expense of everyone else. 10 years of zero interest rates and the fed raised the 150bp and the whole market lost its mind. They never fixed the underlying problems.
People still think that private banks curb inflation?
Evidence of higher inflation expectations? 'The change being contemplated now is a way of essentially telling markets that rates will stay low for a very long time. Markets have likely already picked up on this change, given the continued declines in long-term interest rates.'
I hope someone investigates any refinancing done by trump organization. The profits from these transactions Sb deposited into the USA treasury.
You Republicans decimated all the tools the Fed had to handle a depression just to appease your leader! Now we are f’d!
Maybe $USD will fall further
Oops teetering on the edge of a long deep cliff!!!
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