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

Bloomberg/Liz McCormick and Craig Torres

graphic image of inflation genie out of the bottle“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, it is very difficult to get it back in.

Repost from 1-22-2021

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