Dear Janet… A Memo From Millennials To The Fed
zerohedge.com / Via ConvergEx’s Nick Colas / Aug 28, 2016 4:40 PM
The Federal Reserve’s long-term influence hinges in part on its ability to convince millennials that its current policies can help push inflation closer to the central bank’s 2% goal. That’s not as easy as it sounds, because this cohort has both a different history and current relationship with this economic variable.
Why?
#1 – Understand the millennial experience. Since 2000 – when the youngest millennials started becoming adults – the Core PCE Price Index has averaged just 1.7% y/y. That compares to 4.3% y/y growth on average from 1965 to 2000 over the majority of baby boomers’ adulthood. We have always lived in a low-inflation world contrary to our parents.
The post Dear Janet… A Memo From Millennials To The Fed appeared first on Silver For The People.
Source: http://silveristhenew.com/2016/08/28/dear-janet-a-memo-from-millennials-to-the-fed/
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