- Oct 25, 2021
- Reaction score
Members of the US Central Bank Begin to Favor Tapering Asset Purchases — Taper Discussions to Likely Happen at Fed’s December Meeting
On Friday, Reuters
The central bank’s vice chair, Richard Clarida, also spoke about tapering on Friday at the San Francisco Fed’s 2021 Asia Economic Policy Conference. “I’ll be looking closely at the data that we get between now and the December meeting, and it may well be appropriate at that meeting to have a discussion about increasing the pace at which we are reducing our balance sheet,” Clarida stressed. “That will be something to consider at the next meeting,” he added.
US Dollar’s Purchasing Power Declines
The rising inflation has taken place in America following the U.S. government’s attempt to mitigate the Covid-19 pandemic with lockdown mandates, shutting down small businesses, and choking the supply chain with coronavirus safety measures. Additionally, the government and Federal Reserve increased America’s monetary supply more so in two years than in the country’s 242 years prior.
The U.S. dollar doesn’t go as far anymore, as the cost of beef, hotel and motel accommodations, gasoline, laundry supplies, natural gas, eggs, vehicle rentals, furniture, and used cars has
Childcare and other costs associated with parenting are also
Mainstream Media Continues to Claim Inflation Is Good, Journalist Insists ‘Inflation in the News Driven by the Rich,’ MSNBC Deletes Tweet That Asserts ‘Inflation We’re Seeing Now Is a Good Thing’
Despite the rising inflation, mainstream media (MSM)
The American journalist who worked for the New York Times, Verge, and Vice Media, Sarah Jeong, has received a lot of backlash for her statements about inflation.
“Waaaaah the working class’s income is keeping pace with or outstripping inflation but my capital gains aren’t. Boo f***ing hooooo,” Jeong
Harvard Economist: In Terms of Where Inflation Is Going ‘I Think We’re on a Knife-Edge’
Americans spending more dollars on goods and services has taken a toll on people’s funds and data shows that the so-called rising wages in America don’t seem to be measuring up to the inflation. There have been many
On Friday, Harvard economist Kenneth Rogoff spoke on the broadcast “Mornings with Maria” and the economist
“I think it’s pretty clear that the first stimulus right after Biden took office and maybe the one at the end of the year in 2020 [was] a little too late in the game,” Rogoff explained in his interview. “They have added to the inflation, along with supply chain and everything else,” he added.
What do you think about America’s rising inflation and how politicians, Federal Reserve policymakers, and mainstream media pundits are coping with the data? Do you think inflation will be “transitory” or do you think it will last a very long time? Let us know what you think about this subject in the comments section below.