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
I think this is good news for crypto currencies. The higher the inflation will get the more people we will see trying to find different currencies to USD. Bitcoins and others can only profit from this. After the last crisis the inflation was fairly low we can still see some higher prices in the future without inflation getting out of control. But with 3% and interest rates on bank savings near 0% we should definitely move more into cryptos.