Goldman Sachs and others taking orders from the fed have, in no uncertain terms, admitted that they no longer have control of the economy. The 2% inflation target that halves your buying power every 50 years may now have to accelerate because they can't get inflation down far enough. This means that about every 33 years your buying power halves under the new inflation targets.
- https://www.gsam.com/content/gsam/us/en/institutions/market-insights/gsam-insights/2022/is-3-percent-the-new-2-percent.html
- https://www.bloomberg.com/news/newsletters/2023-07-21/mohamed-el-erian-says-fed-can-nudge-up-inflation-target-closer-to-3
- https://www.barrons.com/articles/the-fed-inflation-target-economy-34b0eab7