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Things will be better when we no longer dread shopping for groceries l | THE FEDERAL RESERVE BANK SAYS INFLATION IS GOING DOWN. INFLATION WILL RETURN TO THE FEDERAL RESERVE’S INFLATION TARGET EARLY IN BIDEN’S SECOND TERM.“THIS IS DUE TO THE FADING AWAY OF THE IMPACT OF THE PANDEMIC ON INFLATION, MONETARY POLICY, THE JOB MARKET,AND HOUSING COSTS,” SAID MARK ZANDI, CHIEF ECONOMIST OF MOODY’S ANALYTICS. THE AMERICAN INSTITUTE FOR ECONOMIC RESEARCH PREDICTS THAT INFLATION WILL GRADUALLY RETURN TO THE FED’S 2% TARGET. | image tagged in statistics | made w/ Imgflip meme maker
161 views • 2 upvotes • Made by LarryCaird 1 year ago in politics
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13 Comments
merryprankster
3 ups, 1y
“Federal Reserves inflation target”
😂
AmericanViking
3 ups, 1y,
2 replies
made w/ Imgflip meme maker
Sobrmn
2 ups, 1y
Get off Larry's case ! He's right.
That Trump will take credit for it when he's elected for the third time in November.

Just like how he did with CASH FOR CLUNKERS program, that just too a little longer than expected to solve the worst 8 years of the country's anemic "recovery".
LarryCaird
1 up, 1y,
1 reply
The weight loss analogy has a major problem. Employers, Retirement Systems, Social Security and other sources of income provide annual cost of living adjustments. Also, some things like gas, coal and oil fluctuate, inflating and deflating. Inflation rates factor these in.
AmericanViking
3 ups, 1y,
1 reply
Your analysis has one major problem... it's flawed...
AmericanViking
2 ups, 12mo,
1 reply
BREAKING: Dow futures soar over 500 points after April jobs data comes in significantly below expectations.

Not only did the economy only add 175,000 jobs, but the unemployment rate rise to 3.9%.

On Wednesday, Fed Chair Powell said substantial weakening of the labor market could prompt rate cuts.

We now have a weakening labor market, lower GDP growth, and rising inflation.

How is this a "soft landing?"
LarryCaird
0 ups, 12mo,
1 reply
This 3.9% marks over 30-months that unemployment has been under 4%. Two periods in the last 70-years (35- months in the 1970s and 27-months in the 1950s) have similar low unemployment streaks. On Trump's watch, the economy lost 2.9 million jobs. The unemployment rate increased by 1.6 percentage points to 6.3%.

By the way, the Fed has been trying to produce this softening in job growth by holding interest rates at their current levels as part of their inflation control actions.

Of course, all of the above are facts, not alternative hokum.
AmericanViking
1 up, 12mo
Of course, you wouldn't know how to interpret them...
Revonda
3 ups, 1y,
1 reply
The FRB says inflation is going down... Cuz the White House TOLD them to say inflation is going down. 🙄
LarryCaird
1 up, 1y,
2 replies
They are independent of the White House. They do not answer to the Predisent.
Graeystone
3 ups, 12mo,
1 reply
Then who are they answerable to?
[deleted]
1 up, 12mo
Soros, Obomba, Rothschilds, ya know, the Puppetmasters, Baiters & Switchers
merryprankster
3 ups, 12mo
They still do his bidding
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THE FEDERAL RESERVE BANK SAYS INFLATION IS GOING DOWN. INFLATION WILL RETURN TO THE FEDERAL RESERVE’S INFLATION TARGET EARLY IN BIDEN’S SECOND TERM.“THIS IS DUE TO THE FADING AWAY OF THE IMPACT OF THE PANDEMIC ON INFLATION, MONETARY POLICY, THE JOB MARKET,AND HOUSING COSTS,” SAID MARK ZANDI, CHIEF ECONOMIST OF MOODY’S ANALYTICS. THE AMERICAN INSTITUTE FOR ECONOMIC RESEARCH PREDICTS THAT INFLATION WILL GRADUALLY RETURN TO THE FED’S 2% TARGET.