Inflation rippling through markets is just what the Fed wants to see

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Published : January 22nd, 2021
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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.

Read the rest of the article at USA Gold
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