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The article is a bit dumb. “The Fed” (the Federal Reserve board, that is) knows what the inflation rate is and how it has been changing over the last five month
by jmull 4y ago
The article is a bit dumb. “The Fed” (the Federal Reserve board, that is) knows what the inflation rate is and how it has been changing over the last five months and, of course, will consider that in it’s interest rate decisions.
I like the off-hand assertion that the fed causes most recessions. As if “they” have strong control the economy but are just too dumb or corrupt to only make the numbersgo up. Kind of embarrassing actually, for a “think tank”.
- solarkraft 4y ago> Kind of embarrassing actually, for a “think tank”. The purpose of a think tank is (often) to promote values of whoever funds it. So, while it may look embarrassing, they're doing exactly their job.
- qwytw 4y agoThey seem too much more focused on increasing unemployment and slowing wage growth and no longer that interest in the actual inflation numbers. At least that's the impression I got after the last meeting.