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“The FOMC judges that low and stable inflation at the rate of 2 percent per year, as measured by the annual change in the price index for personal consumption e

“The FOMC judges that low and stable inflation at the rate of 2 percent per year, as measured by the annual change in the price index for personal consumption expenditures, is most consistent with achievement of both parts of the dual mandate.” https://www.federalreserve.gov/monetarypolicy/monetary-policy-what-are-its-goals-how-does-it-work.htm https://www.federalreserve.gov/monetarypolicy/monetary-polic... “Over time, growth in GDP causes inflation, which if left unchecked, runs the risk of morphing into hyperinflation. Most economists today agree that a small amount of inflation, about 2% a year, is more beneficial than detrimental to the economy.” https://www.investopedia.com/articles/06/gdpinflation.asp https://www.investopedia.com/articles/06/gdpinflation.asp

kjfdslakj 3y ago
That still doesn't make your point. Are you saying that annual GDP growth of 4.9% is the type of rampant growth that causes inflation based on... an article on a dodgy website? Because, it looks like you're saying all GDP growth causes hyperinflation based on an article on a dodgy website.
- Podgajski 3y ago
  No, I’m saying inflation with high GDP is never good. You can do the research on your own if you want. Is Forbes a dodgy website? https://www.forbes.com/sites/billconerly/2019/05/01/does-economic-growth-cause-inflation-sometimes-and-that-sometime-is-now/?sh=349bd0806245 https://www.forbes.com/sites/billconerly/2019/05/01/does-eco...