Any threat especially against law enforcement or politicians will get you banned.
Categories
Economy Politics

Is inflation heading our way? Economists think so.

Hits: 15

Is inflation heading our way? Economists think so. In fact, many see inflation moving toward and perhaps a bit above the Federal Reserve’s 2% target rate that has been elusive for much of the past decade. The primary driver is an economic reopening fueled by more Americans getting vaccinated, which will cause upward price pressure in industries that were held back during the coronavirus pandemic.

Have you noticed how the price of gas has been rising? A dollar a gallon in my area. At the Fed’s meeting earlier this month, Chairman Jerome Powell acknowledged that the economy could see some price pressures, perhaps from rising energy.

 

 

 

Great interview.Brilliant man.Honest observation worthy of serious action, decision and precaution.His diagnosis seems very logical.I am convinced that the manic nature of the market is reaching its climax and end is near.My gut feeling points that bubble explosion may coincide with the next stimulus..

“Act big” is the new slogan of the Biden administration. There is a need for large fiscal spending to ensure a full recovery from the COVID-19 crisis. The Federal Reserve is on board. Its chairman Jerome Powell argued for the need for “patiently accommodative” monetary policy, a signal that the central bank is not planning to increase interest rates in the near future.

But some studies have shown that accommodative monetary policy has boosted asset prices, especially those of stocks and houses. Because the rich people own more assets than poor households, the wealth inequality in the U.S. may widen even further. Additional expansionary policies may lead to another wave of asset-price appreciation and wealth inequality increase.

13
Share
Share
Share
Any threat especially against law enforcement or politicians will get you banned.