Federal Reserve Proposes New Rule To Let Inflation Run "Hot" Ahead Of Next Recession
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RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
Subject: Federal Reserve Proposes New Rule To Let Inflation Run "Hot" Ahead Of Next Recession Mon Dec 02, 2019 5:03 pm
As the Federal Reserve remains unable to stoke inflation (because it refuses to measure it correctly) and refuses to factor in asset price inflation...
... it has now considered launching a new rule that would let inflation run above its 2% target to make up for lost inflation, reported the Financial Times.
Though the Fed's policies are to protect big Wall Street banks and keep liquidity ample in the financial system, its policies have overwhelmingly created deflation through supporting zombie companies and blowing financial bubbles.