[Flick Lives]

...Most significantly, inflation is described as having already exceeded 2 per cent ‘for some time’, so it looks like the Fed feels enough progress has now been made in compensating for earlier shortfalls in inflation.”

Yah think!? Indeed, the Fed has done an outstanding job of making sure to have at least 2% inflation. (And since when has there been a shortfall in inflation??)

[srmanuel]

The Federal Reserve and the Biden Administration are in between a rock and hard place...

If they don’t taper and raise interest rates, inflation will become Weimar Republic style inflation especially if the Democrats manage to somehow pass the BBB legislation. Plus we will enter a stagflation cycle that makes Jimmy Carter’s economy look great.

If they do taper, interest rates will spike and cause a severe stock market sell off and exploding federal deficit creating a near depression....

So the end of free money is near at hand...

[BushCountry]

“Fed has done an outstanding job of making sure to have at least 2% inflation.”

I really don’t know how this will affect me personally, but there a lot of bogus numbers. Inflation is over 6% for normal every day products. But, Rents have gone up 20%, Gas is over 33%, and I don’t see prices going down anytime soon.

The 3.something unemployment is nonsense too. Everyone is leaving the workforce, this can’t be good for the economy.