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> The house is invested in keeping stock prices stable and rising, That's not really accurate - the goal of the Fed and all central banks is to keep prices sta
by weatherlite 5y ago
> The house is invested in keeping stock prices stable and rising,
That's not really accurate - the goal of the Fed and all central banks is to keep prices stable and employment levels optimal. If inflation is going out of control then prices won't be stable and employment won't be optimal, in such a case the stock market might have to take a hit.
Also, it's pretty clear most central bankers understand the current inequality level is not good.
- baskethead 5y agoThe Fed wants inflation. It’s deflation they are concerned about and something that could happen when super bubbles deflate.
- weatherlite 5y agoThey want 2% inflation, not out of control inflation.