Democrats in Congress want the Fed to raise its inflation target to 3% and beyond. That would permanently ramp up inflation. And it would magnify the boom-bust cycle, the cycle of Wall Street casino followed by jobless crash. The scariest monetary fact in Washington right now is the guy who just printed $7 trillion is actually the hard money guy. When Jerome Powell’s replaced in 2026, it could get even worse.
Democrats in Congress want the Fed to raise its inflation target to 3% and beyond.
That would permanently ramp up inflation. And it would magnify the boom-bust cycle, the cycle of Wall Street casino followed by jobless crash.
The scariest monetary fact in Washington right now… pic.twitter.com/YUWrzoxkSn
— Peter St Onge, Ph.D. (@profstonge) March 20, 2024
“Democrats in Congress want the Fed to raise its inflation target to 3% and beyond.” Not. Going. To. Happen.
“Democrats in Congress want the Fed to raise its inflation target to 3% and beyond.”
Not. Going. To. Happen. pic.twitter.com/7rrCQBsIDg
— Douglas Ritz (@douglasritz) March 20, 2024
That’s what Dems do… Keep raising the bar for what’s unacceptable so everything seems okay.
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