The Fed's Big Lie: An Insider Calls B.S. via Peak Prosperity

Peak Prosperity 8.28.20

Federal Reserve Chairman Jerome Powell announced on Thursday that the Fed will now shift its focus from hitting inflation targets and instead prioritize closing "unemployment shortfalls".

This gives it cover to do "whatever it takes" until the unemployment rate is back down into the low single digits. Inflation can now run hotter than 2%, rates can stay at 0% (or go negative) for the next decade+, more QE.... all is fair game now in the pursuit of lower unemployment.

Видео The Fed's Big Lie: An Insider Calls B.S. via Peak Prosperity канала Danielle DiMartino Booth