THANK YOU to clueless Jay Powell and the Federal Reserve. Germany, and many others, are playing the game! CRAZY INVERTED YIELD CURVE! We should easily be reaping big Rewards & Gains, but the Fed is holding us back.
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The Fed holds back the economy intentionally because of their false claim that economic growth causes inflation.
Markets should place less weight on this yield curve inversion, former Federal Reserve chair Janet Yellen said Wednesday. https://www.cnbc.com/2019/08/14/janet-yellen-say-yield-curve-inversion-may-be-false-recession-signal-this-time.html
Re: The Fed holds back the economy intentionally because of their false claim that economic growth causes inflation.
I disagree.
The Fed actually has a monetary policy “target” rate of inflation at 2% per year.
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!
Since the bottom of the Great Recession in 2009, the Fed has increased short term interest rates from 0% to 2.25%
I flat out do not believe that any American business person has decided not to expand, or has decided not to create a new business, based on a 2.25% interest rate increase.
Trump wants to wage a currency war with other large exporting nations like China, Japan, and Germany.
He wants a “weak” U.S. Dollar so our export prices will come down a couple percentage points.
When has a weak U.S. Dollar ever helped the USA economy in modern times?
From memory, exports are less than 20% of the USA economy.
A weak Dollar harms the average USA citizen by making prices for everything else go up.