Federal Reserve says inflation should rise dramatically

submitted by killerjavi98 from cbsnews.com

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[–]mongre 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (1 child)

"The Fed is hoping that higher inflation will boost wage growth, which has been anemic for over a decade."

Economics 101 - that's not how it works.

These crooks are destroying us on purpose.

[–]lawuigi 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Don't worry they admit this near the end of the article, "Powell on Thursday acknowledged that it was unlikely that the Fed would be able to boost prices and wages on its own, and that it would take an effort from other parts of the government, including increased stimulus efforts and other spending from Washington."

So self induced inflation together with government spending will save us all!

TFW you read the whole article