Reply to Is the Fed quietly accepting 3% as the new 2% inflation target?

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Reply to "Is the Fed quietly accepting 3% as the new 2% inflation target?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Biden's inflation screwed us for a very long time. [/quote]

Ah yes Joe Biden who caused worldwide inflation that actually hit the US less than anywhere else in the developed world.[/quote]

Ah yes, Joe Biden who dumped trillions into the economy, passed the "Inflation Reduction Act" that did nothing to reduce inflation, and did nothing to prepare the economy to reopen.

"less than anywhere else" is not a good standard. [/quote]

Are you nuts this is a bipartisan issue with Trump 1 bearing as much or more responsibility; there were multiple trillions dumped into the economy multiplying the money supply all at once before he took office, and tariffs now are pro-inflationary unless you actually believe for-profit companies will eat the nearly 1% jump in the wholesale price index that just came out (and if you do, I have a bridge to sell you, and if they do, it’s going to stifle growth, can’t have it both ways).
Now he wants an interest rate cut before inflation is even under control? Hold on to your hat. [/quote]

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