Bloomberg/Liz McCormick and Craig Torres/1-21-2021
“Heading into what looks like a monetary-policy gap year, with neither bond purchases nor benchmark interest rates expected to change in 2021, the Fed is far more worried about the risk of long-term scars — which could develop from a slow recovery — than about the risk of overheating the economy.”
USAGOLD note: History shows that once the inflation genie is out of the bottle, the Fed will find it very difficult to get it back in.
