It would be nice if someone at the Fed, or Donald Trump, would explain to the public why they think it is a good thing if consumer prices increase 100% every 36 years!
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It’s not. The Fed causes inflation when it pumps money into the economy to recover from a recession. The Fed causes recessions by manipulating interest rates too high. The Fed keeps rates too high to slow down the economy, because of their false claim that economic growth causes inflation.
Economic growth does not cause inflation.
It does if you are flooding the market place with deficit spending and zero percent interest rates.