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(CNBC)   Powell says he can afford recent consumer price increases, the inflation is a lie, and the money trough will remain open for the foreseeable future   ( divider line
    More: Followup, Monetary policy, Federal Reserve System, Central bank, Federal Reserve Chairman Jerome Powell, Unemployment, Inflation, central bank, labor market  
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392 clicks; posted to Business » on 14 Jul 2021 at 7:25 PM (43 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook

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2021-07-14 8:37:46 PM  
5 votes:
I'm all about some inflation. There is a serious psychological barrier regarding 6 figure incomes that we need to get past as a country and inflation is the hammer to break that barrier.
2021-07-14 11:07:01 PM  
3 votes:
Subby, please, stop playing into the hands of Redcap disinformation agents trying to make the Fed overcorrect and cause a recession just in time for the midterms. Powell himself knows better, and said so.

Note that none of the genteel Redcaps screaming about roaring inflation or the deficit said boo while Trump was still in the White House.

Printing money and lending it out free of charge (to white people) is another thing that's apparently okay if, and only if, the president is a Republican otherwise looking at defeat in anything resembling an honest election.

The long-run inflation expectations of people with money riding on it (measured by the nominal bond yield premium over inflation-indexed bond yields) are at 2.3 percent, close to the Fed's two percent target, and falling since May, when it peaked at 2.5 percent.

Look it up, subby. Get back to us when that premium is at least three percent and remains above three percent. I'll wait.
2021-07-14 10:19:44 PM  
2 votes:
The issue is that price inflation is being driven by weakness in the supply chain, not because of excess money supply.
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