Powell confirms the Fed is abandoning its 2% average inflation target.
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Discussion
I thought they did that years ago?
Hoo Lee Fuk
Big news. This may wake up the bond vigilantes. Tether to the rescue!
Bloomberg:
'Officials also reaffirmed their 2% inflation goal and the importance of keeping inflation expectations anchored. But policymakers scrapped an approach unveiled in 2020 that called for tolerating above-target inflation to make up for periods of undershooting the goal. And they removed language that characterized low interest rates as a “defining feature of the economic landscape,” Powell said.'
Bitcoiners were right about everything
Breaking News: Powell confirms the Fed is adopting a new 30% inflation target.
instead of vaccinating the banksters with death shots. the powers that be has decided that more babies have to die to keep the trash production economy going.
trash over life.
Makes sense. Ther le is no pint in having goals you can't meet.
What's the point of having goals you won't reach?
If you want an asset with 2% inflation, it already exists. It's called gold.