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  • Mester: An Update on the Economy and Monetary Policy: Perseverance in Returning to Price Stability

    From clevelandfed.org

    I thank the Economic Club of New York for the opportunity to speak with you today. I am looking forward to the dialog. It is likely no surprise that I will focus my prepared remarks on inflation and how monetary policymakers will persevere in fostering a return to price stability. The views I present will be my own and not necessarily those of the Federal Reserve System or of my colleagues on the Federal Open Market Committee. Unacceptably high and persistent inflation remains the key challenge facing the U.S. economy. Inflation has been running well above 2 percent for almost a year and a half, and the risks to ... (full story)

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Key word : EXPECTS!Blah blah
whelp. I don't feel like I'm telling you something you don't know... I just like confirmation... because misery loves company.

the fix IS in. they ignore inflation, then they keep ignoring the mess it causes... *shrug*

here we come dow 25,000...
Nasdaq: 8,000
S&P: *shrug*
Russel: ~1000-800

As more central banks heap on rate increases to fight the same stimulus they 'needed' to inject into the global economy to 'fix' Covid... and the insanity of restrictions and closures... the entire global economy will continue to grind to a halt. China is still closing crap... and the global strategy seems to be *shrug* let's just follow along... cause we can't read the history or a simple econ 101 text book.

Fkitol, I'm adding to my crypto portfolio...
The policy is to increase the interest rate. I have no doubt that we will have another growth of 0.75%, but the current state of the United States is definitely better than the state of Europe.
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