Why Is the Fed So Scared of Inflation?By THE EDITORIAL BOARDAUG. 22, 2017The NY Times is going to be years behind the curve on this. The issue to date is no inflation, there is none and we might be headed to deflation. The second issue is that the Fed cannot do anything abut it until Congress is ready to write off losses.
The Fed has lost control long ago, look to Goldman-Sachs to set the government budget.
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