Powell’s Abracadabra Inflation Targeting
The Fed has two mandates – Maximum Employment and Price Stability If we look at price stability, the Fed has failed miserably. The Fed employs 3,000 people in Washington DC of which 300 have a Ph.D. degree. Their mission is “to provide our nation with a safer and more flexible and more stable monetary and financial system” with the overall mandate being price stability. In addition to discussing the Fed’s total failure in controlling inflation, in this article I will also stick my neck out in the climate debate before I go on to the likely disastrous effects of debts, deficits and inflation will have on investment markets. Read more…
http://goldswitzerland.com/
Source: https://goldswitzerland.com/powells-abracadabra-inflation-targeting/
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