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Bogus in which direction? The Fed has had a 2% target rate for the last 15 years, I think, and has only exceeded it for a handful of quarters. Under what theory
by dls2016 6y ago
Bogus in which direction? The Fed has had a 2% target rate for the last 15 years, I think, and has only exceeded it for a handful of quarters. Under what theory would giving people a few thousand dollars push it over 2% for any extended period of time?
So Powell is saying there are no inflation fears!
Edit: I've never heard of "breakeven" rates, sounds like a betting market. Forgive if I don't believe that rich investors can actually predict this stuff. Again, what track record do they have?
- dkjaudyeqooe 6y agoPeople on the right need a boogeyman whenever (poor) people get a benefit, to scare them lest they lose the will to work. So lately it's been inflation (not the deficit now that it's paying for tax cuts for the rich). Meanwhile a deflationary spiral is truly scary, but it doesn't sound scary (my money is worth more!) so these people don't focus on it.
- dls2016 6y agoIt’s not even “the right”! The narrative is uniform from NyTimes and onward.