Why can't Fed officials tell us to stop fantasizing about 2% inflation?
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Anonymous
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Why can't Fed officials tell us to stop fantasizing about 2% inflation?
We are never going back to sub 3% ever again. Why can't they make 3% the new target? Is it because of the implications for social security? |
Anonymous
| We are never going back? Do you have more crystal balls that you can share with others? |
Anonymous
They could make 3 percent the new target. There are no real implications for social security- as social security is adjusted by the inflation rate it doesn’t matter what the rate is. The reason that they don’t is that there is no reason to believe that inflation won’t get back dowm to 2 percent. Remember pre-2020? Nothing structural has changed. If we stopped doing crazy wars and crazy tariffs we might have been there now. |
Anonymous
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Because the Fed can by its actions impact inflation and there is no structural reason a 2% goal cannot be achieved.
Like everything there are trade offs to be made and during times of Economic-shocks such as the current situation with Iran some goals may not be achievable at present or in the near future. |
Anonymous
| How long has the Fed been trying to achieve 2%? |
Anonymous
They gave up and now they a new Fed who has reportedly pledges to cut rates. I would love to hear from the geniuses here how on earth we are going to get to 3%? |
Anonymous
| I mean, we were approaching 2% But leadership decided to deplete our weapon stockpiles. |
Anonymous
What would Paul Volcker do? |
Anonymous
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2% is attainable if the government stops taking increasingly extreme actions to destroy the economy.
Inflation is continual growth, caused by ongoing series of new actions, not an old acti whose effect still remains. |
Anonymous
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A big recession is just what the President ordered.
Anything to distract us.... |
Anonymous
Hence Operation Epstein Files (is that what they're calling the war?) |
Anonymous
| We're getting stagflation which is much worse |