TopWK1 on Nostr: Biden’s Federal Reserve Chair said inflation imposes hardships on Americans by ...
Biden’s Federal Reserve Chair said inflation imposes hardships on Americans by eroding away their purchasing power. Yet when inflation was officially below 2% the Powell pursued policies to raise the rate. Obviously at the time the Fed felt that purchasing power wasn't being eroded fast enough.
Now the goal is to erode purchasing power by 2% a year.
#growNostr
#Economics
Published at
2024-06-13 12:42:22Event JSON
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"content": "Biden’s Federal Reserve Chair said inflation imposes hardships on Americans by eroding away their purchasing power. Yet when inflation was officially below 2% the Powell pursued policies to raise the rate. Obviously at the time the Fed felt that purchasing power wasn't being eroded fast enough.\n\nNow the goal is to erode purchasing power by 2% a year.\n#growNostr\n#Economics",
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