In the statement released after their two-day meeting, officials mostly looked past last week’s report of stronger-than-expected growth in gross domestic product during the January-to-March period by focusing on an underlying slowdown in household spending and business investment.
We need growth,but the Fed does not understand inflation. Clueless as the market has verified over the past months and today. Why is 2% inflation sacred. We need growth so that the rest of America outside the high tech regions get a chance. Basing policy on 1920's situation nuts.
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