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BFR 3 days ago
| Mr.GameCrazy said: The other issue is that when inflation started to tick up in Biden's first year, the Fed initially dismissed it as "transitory". They didn't take action until some time after they realized they were wrong. While I give them credit for being cautious before reducing interest rates after inflation got under control, I think they should've started increasing interest rates sooner to control inflation. |
Speaking about inflation, do any of you recall learning this in school: "Inflation is slow starting and slow stopping"
However, in our present case, did Covid accelerate the onset of our current inflationary problem? That's another debate.
