The Fed appears ready to allow faster inflation...
The US Federal Reserve appears to have decided to allow modest inflation in order to increase employment and encourage faster economic growth. This is smart and good for average Americans — even if some on Wall Street hate it.
Business Insider editor Myles Udland explains here.
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9 年Good Article and thank you for sharing!
Conservative Journalist and Blogger. Political activist. Author of over 4,000 magazine and newspaper articles and blogs. Ivy-educated Ph.D.
9 年Gosh, Henry! The Fed was Dovish for two whole days, before the Aussies started screeching that the AUD was escalating way too fast, destroying all their naked short positions. So trot out a coupla Usual Suspect FOMC governors frowning and sounding Ultra-Hawkish - even though after what seems like centuries of their doing this, they are essentially a comedy act, not real policy predictors. Good enough to wallop Gold again, though. Even though Everyone and His Mentally Deficient Eighth Cousin from Podunk understands that as soon as the bullion price passes 1280 convincingly - which it will do very soon - an absurdly large bunch of mostly young, but very well-connected, traders, some leveraged at 70-1 or thereabouts, start thinking about jumping off rooftops again. (Podunk has become awfully sophisticated, I hear, despite all MSM efforts to keep them in the dark.)
Lead Software Engineer Wells Fargo
9 年About time, let inflation go to 4%, then dial up rates, pushing inflation back down to the target.
Lead Software Engineer Wells Fargo
9 年interesting, and about time, the 2% target is anachronistic, to really kickstart our lagging economy, 4% is about right, then the Fed can dial up rates to get back to the target 2%
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9 年Look for The Fed's new hit drama staring Tina Fey as Janet Yellen airing this summer.