Jerome Powell Can’t Explain Inflation – Here’s Why

Dear Fellow Expat, What does the Federal Reserve do? That’s a basic question we must understand. The central bank has two jobs as its so-called “dual mandate”: to pursue maximum U.S. employment and ensure price stability. Ignore maximum employment for now. Today’s unemployment rate is cooked worse than your least favorite aunt’s Thanksgiving dinner. The […]

Tags: Deflation, Inflation, Inflation Targeting, Postcards

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