Fed committed to getting inflation to 2% target, Barkin says. “The Federal Reserve is committed to getting inflation under control and returning it to the U.S. central bank’s 2% target, Richmond Fed President Thomas Barkin said on Wednesday, the latest in a litany of policymakers voicing determination to rein in price increases running at the highest pace in four decades.”
Prices will already have moved up more than 10%. The price increase is permanent. You won’t get your purchasing power back when the inflation RATE goes down unless your income goes up at the same rate.
People are so trusting and so stupid.