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From the link:
WASHINGTON (Reuters) - It wasn't volunteered, but Federal Reserve Chair Jerome Powell on Tuesday made his most extensive comments to date on the role corporate profits could play in lowering inflation, telling U.S. lawmakers it was possible for inflation to fall and workers' wages to keep rising for a time if companies and their shareholders took less for themselves.
WASHINGTON (Reuters) - It wasn't volunteered, but Federal Reserve Chair Jerome Powell on Tuesday made his most extensive comments to date on the role corporate profits could play in lowering inflation, telling U.S. lawmakers it was possible for inflation to fall and workers' wages to keep rising for a time if companies and their shareholders took less for themselves.
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They aren't to far from their 2% target. Looks like the banking crisis caused a blip.
app.truflation.com
Dashboard | Truflation
The Truflation Dashboard provides a real-time calculation of the US inflation rate and the price indexes for the separate CPI categories used to measure price inflation
app.truflation.com
"2% inflation targeting has been BS from the start."
Well of course it is. The fed has repeatedly said that one of their dual mandates (there's three, actually) is stable prices. Imho, that means zero percent inflation.
Ie: prices stay the same.
....and the word's definition agrees with me.
What is the best definition for "stable"?
: firmly established : fixed, steadfast. stable opinions. b. : not changing or fluctuating : unvarying. in stable condition.
Nothing in the definition applies to anything the fed has ever done, when it comes to prices.
Way I see it, there's no reason as to why gold couldn't still be $20/ounce,, other than for the idiots that have allowed criminals to represent us in government for at least the past 5 or 6 generations.
Well of course it is. The fed has repeatedly said that one of their dual mandates (there's three, actually) is stable prices. Imho, that means zero percent inflation.
Ie: prices stay the same.
....and the word's definition agrees with me.
What is the best definition for "stable"?
: firmly established : fixed, steadfast. stable opinions. b. : not changing or fluctuating : unvarying. in stable condition.
Nothing in the definition applies to anything the fed has ever done, when it comes to prices.
Way I see it, there's no reason as to why gold couldn't still be $20/ounce,, other than for the idiots that have allowed criminals to represent us in government for at least the past 5 or 6 generations.
SilverSamurai
Fly on the Wall
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Pernicious evil
Presented as a virtue
Karma percolates
Presented as a virtue
Karma percolates