Posted on 05/13/2021 3:07:46 PM PDT by Condor 63
WASHINGTON—The U.S. economy is “going gangbusters,” but the Federal Reserve needs to see several more months of data on jobs and inflation before determining when to begin scaling back its easy-money policies, Fed governor Christopher Waller said.
(Excerpt) Read more at msn.com ...
They are going to act too late! Double digit inflation is baked in and will be hard to put the brakes on later. Needs to be done now, or it will be much more painful.
‘Several months’!!!!!
That’s 3 biz quarters, with only 5 months left in this federal biz cycle (Oct. 1)
NUTS!!!!
Only Two Weeks to Flatten the Inflation Spike!
Yes. We are about to have four years of unexpected, anomalous, and transitory economic hiccups. Every month.
Can’t they just add a zero to all denominations of Federal Reserve Credits and Notes? We will all be RICH!!
They have put us entre la espada y la pared this time.
Unexpected...transitory...just a blip
Great comment!!!! Absolutely nailed it.
If this spike is “temporary”, then we can expect that prices will return to pre-inflationary times?
Who in this world believes that will ever happen?
Boy, they sure went from “there’s no inflation” to “the inflation will be temporary and insignificant” to “just be patient as we weather the inflation” pretty quick.
Inflation is temporary, just like this puke’s appeasement. Temporary inflation doesn’t fit in to the NOW anti-American goal. They are going for broke because if they don’t succeed now, it will be all over for them.
Just long enough to wipe out your savings.
Prosperity is just around the corner said Herbert Hoover as the depression was strangling the nation.
More dollars chasing fewer goods equals inflation, ceteris paribus.
The inflation is now systemic, and poised to grow at near exponential rate.
Too much money, too few goods. When we were in the midst of plentiful goods and services, vendors were in a position to underbid their competitors and thus win the approval of buyers. Now, with the scarcity of both goods and services, and many potential vendors squeezed out of the market, those remaining can raise the prices to whatever the market will bear. And with too much money just lying around, the consumers will be bidding against each other.
Tinderbox waiting for the torch to be applied.
“Prosperity is just around the corner. Mark my words. Now let me finish my pudding.”
Joseph Herbert Biden
They can’t raise the rates before they issue another couple of trillion in new debt.
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