reply on: Price Inflation Rose Again in December, Climbing to a Ten-Month High \ stacker news ~econ

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39 sats \ 3 replies \ @Satosora 16 Jan \ on: Price Inflation Rose Again in December, Climbing to a Ten-Month High econ

Back to econ again? I like when you use this territory more than sports lol "This contradicts months of claims from Jerome Powell and other Federal Reserve mouthpieces who have insisted that price inflation was rapidly returning to the Fed’s two-percent price inflation goal. This was key for the Fed’s attempts to justify the FOMC’s jumbo 50-basis-point cut to the federal funds rate in September." Do you really think the mouthpiece has anything important to say? They will never be able to justify the inflation, because they are just finding ways to keep inflating. Everything they say is just to pull the wool over your eyes.

20 sats \ 2 replies \ @Undisciplined OP 16 Jan

You sort of answered your own question, with that last sentence.

The purpose of their statements is to manipulate the markets. Past Fed Chairs have stated this pretty unambiguously.

What I find interesting is that they're realizing that the cat is out of the bag and getting all the way to the semi-official inflation target of 2% just isn't going to happen.

32 sats \ 1 reply \ @Satosora 16 Jan

But you would think that they would try to keep tricking the public. Is the long game coming to an end now that bitcoin is on the scene?

0 sats \ 0 replies \ @Undisciplined OP 16 Jan

They aren't taking bitcoin seriously yet. This is all about the unaffordability of servicing the debt at the interest rates that would exist in a low inflation environment.