The Fed “may want to consider ways to re-center inflation and inflation expectations at the 2% target” in a climate where it has consistently failed to achieve its price-rise goal, Mr. Bullard said in remarks prepared for a presentation he was to give in Hong Kong.
Wages must rise if prosperity is to return to middle class.
Economics is not like science dealing with smooth curves, surfaces etc! It is a game where everybody is a player including scoundrels! Lowering interest rates during inflation can have unexpected adverse consequences! Don't forget consumers and producers have opposite interests!
McDonald's is raising prices and cutting services and yet we are told there is no inflation? Really now...!
Look for half-point decrease... . MAGA2020