This Is The Truth About What’s Really Happening With Inflation

Tuesday, February 26, 2019
By Paul Martin
February 26, 2019

This is the truth about what is really happening with inflation.

The Real Story On Inflation
February 26 (King World News) – This is a very important note from Bill Fleckenstein: Today I would like to tackle the topic of inflation, and by extension, the Fed, as the sheer volume of articles in business publications about the Fed shifting its target makes me feel like Powell et al. really want folks to accept this, or the papers themselves are lobbying for it, or some combination of the two.

Why Pay More? Because the Fed Says So
On Saturday, the Wall Street Journal ran a story on the second page headlined, “Fed Officials to Mull Inflation Target Shift,” in which it chronicled the potentially extraordinarily “dangerous” outcome of “too low” inflation. To wit, “Top Federal Reserve officials said the central bank would consider broad changes to its policy framework to encourage periods of modestly higher inflation, a response to the challenges the Fed has faced in driving inflation higher in recent years… ‘The persistent undershoot of the Fed’s target risks undermining the 2% inflation anchor’” (that quotation is from New York Fed president, John Williams).

Today, again on page two, the WSJ ran another story headlined, “Fed Considers More Flexibility in Inflation Target,” which was as extension of the prior day’s story that detailed how the Fed is looking into what it calls “price-level targeting,” whereby it lets the inflation rate run higher than 2% to make up for the all the times in the past where it was lower.

The Rest…HERE

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