3 ms·
Against? Is the role of the Fed not to dilute the national currency?
by danuker 4y ago
Against? Is the role of the Fed not to dilute the national currency?
- Aperocky 4y ago2020 and 2021 exist as years, the answer to your question is clearly negative, at least for certain time periods.
- danuker 4y agoYears since 1970 with the inflation rate below the supposed 2% target: 2020 2019 2013-2016 2010 2009 2002 and 1986. For a 52-year period, that's not too many years. Just a fifth. If the Fed were genuinely targeting 2%, I'd expect half. The geometric mean inflation rate of this period is 3.92%, almost double the stated target. I used data from here: https://www.macrotrends.net/countries/USA/united-states/inflation-rate-cpi https://www.macrotrends.net/countries/USA/united-states/infl...