It's a lot easier to say, that it's all one big mess, of their own making
All the Fed has is words!
That's the only tools they have left!
If inflation is so bad, why haven't they already acted?
Why all this "we might do something, at the next meeting, but of course that depends.." talk?
One of the factors they mentioned, in preventing them from acting, was another Covid strain..
No chance of that is there??
They have a strong jobs market?
They should have, they changed the way they measured it, so it
would look good!
They want to tame 7% inflation, with a slow climb to maybe 2%, maybe over one year, maybe..
Of course, all without derailing the fake economy they've built..
No Western economy can
afford "no growth", or "low growth" with their own levels of debt.
Any interest rate, below 4 to 5%, is still stimulative!
They need interest rates
above the real rate of inflation, no their knocked down number of 7%.
This article is from only February last year!
In which Powell states, throwing out the old text books, on how money supply affects inflation and how they changed the way the unemployment rate is measured..
Of course their government statistics, have been "massaged" anyway, for probably the last 20 years at least..
https://www.reuters.com/article/us-usa-fed-powell-econ-idUSKBN2AN2EMGold, is definitely going well over USD 2000.
But how long, will that be the "standard" of its measure?
