One of the Two Most Powerful Fed Officials Just Issued an Inflation Decree
By: Graham Summers
GoldSeek.com
Tuesday, 17 October 2017
The Fed is no longer even trying to hide the fact that it WANTS inflation.
In the last month, the Fed has attempted to feign ignorance about the true nature of inflation. Fed Chair Janet Yellen even went so far as to claim the Fed doesn’t “fully understand” inflation during a Q&A session in September.
The Fed “understands” inflation just fine, it just chooses to feign ignorance so it can maintain a “gosh, we didn’t know!” attitude about the coming inflationary storm.
Enter Chicago Fed President Charles Evans.
Evans, along with NY Fed President William Dudley, is the real “power behind the throne” for the Federal Reserve. Like Dudley, Evans is in charge of a branch of the Fed that is associated with one of the major financial centers of the US. In other words, he is a Fed President with close ties to the financial firms that call the shots for the US financial system.
This allows Evans to speak more bluntly than most Fed President. And when he talks, you know he is doing so with the full backing of the Chicago financial elite.
With that in mind, consider Evans’ recent statement on inflation.
Fed’s Evans: An increase in U.S. inflation is a priority
Chicago Federal Reserve Bank President Charles Evans said on Friday that the U.S. central bank’s priority must be to get inflation back to its 2 percent target…
“The first order thing for policy right now is to get inflation up to our objective,” Evans said at a financial literacy event in Green Bay, Wisconsin.
The Rest…HERE
