The Fed Has Stopped Pretending that Price Inflation Is Going Away \ stacker news ~econ

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The Fed Has Stopped Pretending that Price Inflation Is Going Away mises.org/mises-wire/fed-has-stopped-pretending-price-inflation-going-away

223 sats \ 5 comments \ @Undisciplined 15 Feb econ

By Ryan McMaken

Things aren’t going as planned. Inflation just rose to an 18-month high, and the Fed has stopped saying that it’s making “progress toward the 2 percent objective.”

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42 sats \ 1 reply \ @siggy47 15 Feb

... now that Trump is president. I saw Schumer call the latest CPI numbers Trumpflation! The balls on that moron.

36 sats \ 0 replies \ @Undisciplined OP 15 Feb

Soon it will be, but not yet.

Some of what he's doing should be deflationary, especially if they really do dramatically cut discretionary spending.

31 sats \ 1 reply \ @oliverweiss 15 Feb

I got a msg from my bank yesterday saying that the interest rate on my savings account was lowered (again), below 2%. 🤪

0 sats \ 0 replies \ @Undisciplined OP 15 Feb

I'm surprised you got a message.

26 sats \ 0 replies \ @Rothbardian_fanatic 16 Feb

The FED is just fulfilling their function; to steal money and value from the plebes. They don't want inflation to go down, they are making the inflation by pumping the printing presses to full production. Only the parasite class prospers under this regime.