> Yep. That's pretty much the game of predictions.
So you agree the recession prediction is not evidence for Shiff's competence?
> Which target?
2%
> Consumer inflation at the moment (~7%) is rivalling rates witnessed back in the 80s. Add the new money the Fed has printed over time (since 2008) and now expected to continue (covid stimulus, bailouts for banks etc.), anyone can see where the trend for inflation is going. No predictions are even needed for that.
...have you looked at the trend, though? Inflation was climbing higher and higher until last June, and then it dropped by more than half. For the last 3-8 months the inflation rate has been about 4%.
So you agree the recession prediction is not evidence for Shiff's competence?
> Which target?
2%
> Consumer inflation at the moment (~7%) is rivalling rates witnessed back in the 80s. Add the new money the Fed has printed over time (since 2008) and now expected to continue (covid stimulus, bailouts for banks etc.), anyone can see where the trend for inflation is going. No predictions are even needed for that.
...have you looked at the trend, though? Inflation was climbing higher and higher until last June, and then it dropped by more than half. For the last 3-8 months the inflation rate has been about 4%.