“I must admit that there is some evidence that inflation expectations could have slipped,” she told the National Economists Club in Washington on Oct 20. While she believes they are still well anchored and consistent with the Fed’s target, “that’s something that cannot and should not be taken for granted.”
The law and the policy are in agreement, Congress and the Fed should cooperatively cause an inflation hike and then recession. They have done this every recession cycle since 1980.
It doesn't work anymore, and we cannot identify cause or effect. I think Congress is failing at failing because they are bankrupt, they do not have even the minimal spending power needed to cause a good old fashion American recession.
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