I never understood how the “stable prices” mandate somehow became “stable inflation” policy.
Stable inflation seems like perpetually and compoundingly changing prices.
Make it make sense🙃
The Fed’s new “third mandate” of yield curve control means bonds win, whether the economy slows or the government FORCES you into Treasuries.
"The government is going to force the US citizens to own these bonds. That's why there's this stablecoin push." - Ed Dowd
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You have to be a PhD economist to understand it. I'm not, which is why I also don't understand it.