Fed Gov. Lael Brainard declares ‘new normal,’ calls for higher inflation and tighter regulation
Yes, that’s what people want, higher prices driven by monetary policy and regulatory policy. Right.
That’s SUPPOSED TO BE good for the economy. We don’t think so. It certainly won’t make life more affordable for the poor.
(From The Washington Examiner)
“In today’s new normal, it is important to achieve inflation and inflation expectations around our 2% target on a sustained basis while guarding against financial imbalances,” Brainard said in remarks prepared for a speech to the National Tax Association in Washington. “We want to be mindful of the risk of financial imbalances that could amplify any shock and help tip the economy into recession, which the Federal Reserve has less conventional space to address in today’s low interest rate environment.”
Reprinted from: https://www.ac2news.com/2019/05/fed-gov-lael-brainard-declares-new-normal-calls-for-higher-inflation-and-tighter-regulation/
