By continually moving its “targets” for political purposes, the Fed has let the inflation genie out of the bottle. The Fed should have begun raising rates back in 2012. However, instead of doing this, then-Chairman Ben Bernanke gifted the Obama administration QE 3: an open ended QE program. The goal
The post The Fed Has Let the Inflation Genie Out the Bottle appeared first on Gains Pains & Capital.