Monetary policy should be restrictive until the 14% additional inflation we've had since January 2020 above the 2% trendline is erased. There's no point in having a 2% inflation target if you're not going to adhere to it. The Fed should be hiking rates to attack this scourge.
Consumer Prices in the US rose 4.5% per year over the last 5 years and over 24% in total.
2% inflation is a myth.
They won't do it, but the Fed should be hiking rates at the FOMC meeting next week.
🚨 Dr Alveda King's opening statement on SPLC funding hearing is a must watch!
"America is not a collection of competing tribes. America is one people under God.That is why I am troubled by the conduct and messaging of organizations that. claim to fight hatred while profiteering from division."
@byHeatherLong Yes and imagine what it’s doing to retirees and those on fixed income. Stacking higher prices on top of already extremely high prices. Ouch.
Inflation is so high that it's erasing all wage gains.
Inflation: 4.2% in May for the past year
Wage growth: 3.4% in May for the past year.
Americans are getting squeezed financially. This isn't just "bad vibes" about the economy. There is real pain, especially for middle-class and lower-income households. It's tough because so many basic items are seeing sizable price increases: gas, electricity, food, medical care.
63.
As in 63 consecutive months with US inflation above the Fed's 2% target.
The Fed lost all credibility when it comes to fighting inflation.
Video: https://t.co/UgEZ2SrBSt
My sister lives in Los Angeles.
She's a Democrat but voted for Spencer Pratt.
I was with her when she dropped her ballot in the mail weeks ago.
We checked today and it hasn't been received back.
Are they just TOSSING ballots for Spencer Pratt?
@RonDeSantis And they wonder why people question their elections. If they have nothing to hide why be afraid of an investigation and full accountability?
🚨 Dr Alveda King's opening statement on SPLC funding hearing is a must watch!
"America is not a collection of competing tribes. America is one people under God.That is why I am troubled by the conduct and messaging of organizations that. claim to fight hatred while profiteering from division."