Nonilex, from George F. Will:
“…The #FederalReserve was instrumental in igniting #inflation w/too-cheap #money for too long, & then was serene about inflation’s supposedly ‘transitory’ nature. In 2012, #theFed announced its hubristic plan to achieve its aspiration of exactly 2% inflation.
#economy #credit #banking #regulation #monetary #policy #political #groupthink
https://www.washingtonpost.com/opinions/2024/04/17/federal-deficit-and-inflation-danger/