Re: The Fed is talking about letting the inflation rate rise above its 2% target.
https://www.bloomberg.com/opinion/articles/2020-07-17/the-fed-is-setting-the-stage-for-a-major-policy-change
"Having learned a hard lesson in the last recovery — don’t tighten monetary policy too early"
"In practice, that means the Fed will not just emphasize actual inflation over forecasted inflation, but will also attempt to push the inflate rate above its 2% target. "
basically the article says the fed has some missed time to make up for since we had a period of lower than 2% inflation, well need say for example 3% inflation to make up for that lost infation.
money printer go brrrrrrrrrrrrr
"Having learned a hard lesson in the last recovery — don’t tighten monetary policy too early"
"In practice, that means the Fed will not just emphasize actual inflation over forecasted inflation, but will also attempt to push the inflate rate above its 2% target. "
basically the article says the fed has some missed time to make up for since we had a period of lower than 2% inflation, well need say for example 3% inflation to make up for that lost infation.
money printer go brrrrrrrrrrrrr
How the hell could more inflation solve the economic problems of the USA?
It would be nice if some banker,who is currently working at one of the Federal reserve banks tries to explain this nonsense.
Anyway,be ready for a 20K Bitcoin price after a few months.Thanks to the Federal Reserve System,not due to some mass Bitcoin adoption.
