@federalreserve It’s is absolutely atrocious that the Fed can get it all so wrong and goes unpunished for it. Who will be held responsible for the recession to come. Millions, not just Americans, but people around the world will lose their jobs all because of MR. TRANSITORY
@federalreserve The Fed buying $120 billion dollar worth of bonds per month and keeping borrowing at costs at 0 created an asset bubble and surging inflation along with it. CPI was at 1.7% and it did all that to get back to its 2% target. The Fed said it will be data dependent but once CPO rose
The Federal Reserve is the central bank of the United States. It performs five key economic functions in the public interest to help promote the healthy U.S. economy, including promoting the stability of a financial system. Learn more: (1/5) youtube.com/watch?v=RyLhKD…
@federalreserve To 4%,5%,6% it decided to be forward-looking insisting that inflation is transitory. We have a 7% CPI PRIOR to the Russian invasion of Ukraine. The war added fuel inflation but the fire was already well lit many many months before it.