Posted on 08/24/2023 6:57:58 PM PDT by ChicagoConservative27
On Thursday’s broadcast of CNBC’s “Squawk on the Street,” Philadelphia Federal Reserve Bank President Patrick Harker stated that by this time next year, inflation will be around 3% and will move “slowly” to the 2% target level “in 2025.”
CNBC Senior Economics Reporter Steve Liesman asked, “I’d like to get your thoughts on, this time next year, where’s the U.S. economy, where is inflation? How are we doing this time next year, do you think?”
(Excerpt) Read more at breitbart.com ...
More BS.
But the 20% and more inflation already in current prices, goods and services included and not included in their calculations, will still be in the base prices and will not be coming down
Saying the annual inflation rate will eventually drop to 2% or 3% is almost meaningless with the inflation already built into prices by Biden since election day.
If the R candidate wins in Nov 2024 and announces a stop to the war on fossil fuel and the end to the regulations of Biden inflation will stop immediately in Nov 2024.
Economic growth will explode. The only thing holding back the extent of economic growth at that point will be the inadequate labor supply.
Pure 2024 political propaganda. Just like Nixon had a secret plan to end the war. It’s bogus talk to shift the blame away from Biden where everyone knows it belongs.
“I am the eye in the sky, looking at you…”
As long as food and energy costs are eliminated from the calculation, it will continue to be a lie.
I think China and our CRE will implode before then. The ramifications could be catastrophic.
That’s my doom for tonight. I’ll be here all week. Remember to tip your waitress, and try the veal…
How about he and the entire DemocRAT party bet their lives on that?
Anyone else watching the Dow? Bidenomics seems to have failed to move it any direction but down.
At the same time that inflation is going up wages are staying the same or going down. So it doesn’t matter if inflation slows down till real wages catch back up to what they were before Biden and the Dems destroyed the economy.
Gee I wonder what the USA credit rating will be down to by then?
Good news. It’s only transitory
Exactly! We've all had our purchasing power diminished because of now years of inflation. The only way to make that back would be wages to increase while prices remain stagnant. That's not going to happen any time soon.
The state of the economy, as it affects Americans, should be measured in purchasing power. How much purchasing power did you have in 2019 vs 2023?
“But I don’t need to see any more to know that... I can read your mind (looking at you) I can read your mind..”
Great Alan Parsons...innovator like the 10CC band was.
Some jacka@@ from the joebama owned fedreserve private bank of last resort, who has no clue what inflation is right now— (and it is more like 18% when the proper data base included energy and food costs, which these a@@clowns are NOT counting!) says this? It will NEVER be 3% by this time next year. We have stagflation, wages not meeting the continually rising energy and food costs as well as a real estate debacle— housing. And joebama is bringing in millions of no talent no skills illegal aliens. Just like Merkel’s neo socialist German welfare system. Bankrupt.
Yes— cause they ARE betting our lives on it— at no risk to them? They better think twice- people are not going to tolerate this BS much longer, from point harvesting thieves who have never worked at anything other than hedging OUR money into their pockets, who use outrageous ignoring of major economic factors to massage their fake narrative. Margin Call time, banksters. Stop sending out letters for “new money” for special “CD” rates (starting only for say, 30K deposit). That’s a sign of how the fed is pushing to a completely unsupportable currency that is digital. The country will go full black market and barter— try that out, bozo bankers.
EXACTLY MY THINKING!
How are we going to get welfare back in to the work force? They are fat and stupid.
Not much they can do.
Other than income and property taxes, food and energy is about all I spend money on.
even if it goes down to 0%...the prices are still elevated. Its gonna take years to get it corrected and back in line as it was before. Last time this happened, LBJ triggered horrible inflation in the mid 60’s and it wasn’t corrected until Reagan got in office in the early 80’s....do the math.
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