Prices Rise Along With Rumblings About Tapering By A Fed Chairman Of Uncertain Tenure.
irwinstelzer.substack.com
By the measure most Americans recognize, inflation is running at an annual rate of 5.4%, the highest in 13 years. There are other measures, and consumers who don’t eat, or drive a car, or worse yet plan to buy a new one or a house or rent a flat, will be less hard by hit by rising prices than others. But even the Federal Reserve Board’s preferred measure, 4%, is double the Fed target, and had Federal Reserve Board chairman Jay Powell confessing surprise. Raising interest rates, however, is “not something that is on our radar screen.”
Prices Rise Along With Rumblings About Tapering By A Fed Chairman Of Uncertain Tenure.
Prices Rise Along With Rumblings About…
Prices Rise Along With Rumblings About Tapering By A Fed Chairman Of Uncertain Tenure.
By the measure most Americans recognize, inflation is running at an annual rate of 5.4%, the highest in 13 years. There are other measures, and consumers who don’t eat, or drive a car, or worse yet plan to buy a new one or a house or rent a flat, will be less hard by hit by rising prices than others. But even the Federal Reserve Board’s preferred measure, 4%, is double the Fed target, and had Federal Reserve Board chairman Jay Powell confessing surprise. Raising interest rates, however, is “not something that is on our radar screen.”