Inflation is higher than in decades, millions are out of work, businesses are struggling to find workers, and people are still dying from Covid. The recent declines in consumer sentiment are real.
Why is this not enough to impeach him for trying to weaken and then destroy the American dream, which surely has happened with borrowing so much. Enough is enough God Help us
The Fed has been adamant they have the tools to bring down inflation if need be. If that isn't true we need to re-think the very notion of a price stability mandate. Supply shocks occur, both positive and negative. This isn't a surprise. Surely the Fed doesn't simply abandon it's inflation mandate in the face of either. We are letting them off the hook too easily while people suffer.
Below is a direct quote from 'Longer Run Goals and Monetary Policy Strategy' where the Fed's FAIT framework was rolled out. There was no uncertainty whatsoever that the Fed can commit to a long-term 2% price level path (albeit with temporary deviations which get corrected with a few years).
"The inflation rate over the longer run is primarily determined by monetary policy, and hence the Committee has the ability to specify a longer-run goal for inflation."
Why is this not enough to impeach him for trying to weaken and then destroy the American dream, which surely has happened with borrowing so much. Enough is enough God Help us
William R. Dunkerley
The Fed has been adamant they have the tools to bring down inflation if need be. If that isn't true we need to re-think the very notion of a price stability mandate. Supply shocks occur, both positive and negative. This isn't a surprise. Surely the Fed doesn't simply abandon it's inflation mandate in the face of either. We are letting them off the hook too easily while people suffer.
Below is a direct quote from 'Longer Run Goals and Monetary Policy Strategy' where the Fed's FAIT framework was rolled out. There was no uncertainty whatsoever that the Fed can commit to a long-term 2% price level path (albeit with temporary deviations which get corrected with a few years).
"The inflation rate over the longer run is primarily determined by monetary policy, and hence the Committee has the ability to specify a longer-run goal for inflation."