If you read the Mandate for the FED it says that the FED is to maintain Zero percent. But the FED never had any respect for the law and it works for bankers. Not the American people.
At least with interest rates up, I think I’m making money (even though I’m not!).
Normally they find a reason to clamp it off for Republican Presidents.
(The somewhat good news is that Japan's government owns almost half of that debt, unlike China owning most of ours.)
Economic confusion abounds espically on the Left, among the feds, and in the FED.
Inflation is a hidden tax that drags down individual and aggregate quality of life and the economy as a whole.
The $4 trillion mostly unconstitutional feds don’t care. Nevertheless, the feds and their money printing machines are the ONLY source of inflation.
Dismantle the $3 trillion + unconstitutional portion of the feds and inflation would greatly if not totally disappear. Sustained prices would probably start going down for the first time since early 1900’s due to an uninflated money supply.
So your savings and wages get destroyed by 2% per year.
Sure doesn’t measure gasoline.
Idiotic. You don’t monkey with inflation. It gets away from you, and you get stagflation. Ask Nixon how that worked out.
The Maduro Maneuver.
There is no systemic inflation. When you have a healthy growing economy, you get spot inflation where supply has to catch up with demand. Most significant though is the impact that housing has on the number. Home prices going up in a growing economy makes the inflation number look higher than it really is.
Fed needs to Make the dollar great again. I know politicians and money mongering fed like the sound of billionaire. But let the billionaires learn how to count cents. Is working class people are the ones the billionairescheated to get their billions. Fair wages and prices would have made America greater.
So not forever?
We are basically TRYING to live on S.S.,so I’m rather acutely aware of about where every dollar goes. Then they tell me that there is virtually almost no inflation,so S.S. raises are minimal at best,& then are swallowed up by inflationary increases in Medicare anyway. Every time I go to the grocery store,I see more inflation,& often considerably more than 2%. This is really noticeable when you see you are getting less for the same money,or,in some cases,paying MORE & GETTING LESS at the same time. I don’t know how they can figure any 2% inflation unless they are balancing it out by counting large luxury items that many or most of us will never buy. Truly low inflation is only exhibited in the amount I receive on my so-called “savings”.