IMF’s Lagarde Laments “Highly Mysterious” Low Inflation, Says “Everybody” Would Like It To Be Higher

(From Zerohedge)

Indeed, although “everybody” would like a little more inflation (and by ‘everybody’, we assume Lagarde means a handful of economists, because most working people are already struggling to process the inflation in health-care costs, tuition, rent and other necessities that have hammered the standard of living in the developed world), Lagarde pushed back against those who have been pushing to change the central bank’s target rate.