Inflation? What Inflation? Here Comes Stagflation
11:00-15:51 The Fed’s “target” inflation of 2% (based on the Consumer Price Index) YET, the supposed benefits of higher inflation have not been achieved. The Fed has also met its unemployment target of 6.5%. Despite having met these targets, the economy is still weak and the Fed recognizes that by continuing quantitative easing and promising to keep rates low. (as if continuing these policies will help)
We have not seen wage growth, full time job growth, but we have seen rising food, healthcare, housing and energy prices.
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