I copied this from a poster I respect a LOT on another board I frequent, he says very well exactly how I feel:
"in the answer to a question just asked Powell said, IMO quite seriously, that the real problem might be that "inflation soon could be quite low"
THIS is what they are afraid of that the inflation shock will lead to real deflation.
They can't permit actual deflation so this is the reason the printing/bond manipulation/rates environment will have to be as it is now. The excuse will always be there to move the fight of inflation into some outer year.
If they fight inflation for real, the US political system as it exists now might not actually survive the experience in its current incarnation.
Nor might the political systems around much of the world."
Dharma's "Hotel California" playin for the Fed in the background....
Edited by senorBS, 16 June 2021 - 06:58 PM.