Liz Ann Sonders of Charles Schwab says the U.S. Federal Reserve is still far from moving to “pivot mode” and there needs to be more than one better than expected print.
U.S. Fed is very clear that it wants to see a series of ‘lower lows’ on inflation data: Strategist
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Lol long hair noob
Federal Reserve Chair Powell wants high single digit inflation, but he cannot say this aloud. There are only four ways a country can retire its debt: raise taxes, cut spending, declare bankruptcy (default) or debase the currency through inflation.
Congress could cut fiscal spending and raise taxes on the One Percenters. But Congress will not act to do either. It’s not going to happen. Fed-induced inflation is how a country that is deep in debt due to deficit spending can manage its $30 billion per month debt service on its $31 trillion national debt.
Look, it’s just math, and a political fight over which income brackets should pay $30 billion per month in interest on the national debt. Not gonna be me. The working man is a sucker.