I find it senseless how bankers get billions of tax payers money and no one raises an eyebrow. But the moment your average worker starts to get a wage increase everyone screams inflation. Fed had flooded the market with money and brought along asset inflation for years but the moment nominal wages started to rise every Economists suddenly started to worry about inflation, as if the time to increase the rates were not 11 years ago in 2012.
Here is a Fed governor explaining how she can’t feel inflation anymore. It’s painful to watch the mental gymnastics. [1]
Here is a Fed governor explaining how she can’t feel inflation anymore. It’s painful to watch the mental gymnastics. [1]
[1] https://www.marketwatch.com/story/feds-mary-daly-says-i-dont...