Lawrence Mishel, a distinguished fellow at the Economic Policy Institute, says, "There's a lot of reasons to think that inflation is transitory. It doesn't mean it's going to be two months, it could be a year, but it's not going to be, you know, 4 or 5% a year for the next five years."
As a result, the central bank is taking a stance that will invite slightly higher levels of inflation for longer periods of time.
Thanks Biden
All You Will Pay This. Create A Dark Age Then Force People To Believe In...
Stop QE faster and stop printing money?
🤔
GREAT.
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