Defective Fed policy ensures inflation’s revival

ZeroHedge-Bloomberg/Simon White/7-28-2023

graphic of the wonderful Wizard of Oz as depicted by Frank Baum“Federal Reserve rate hikes have had minimal disinflationary impact in this cycle, opening the door to a re-acceleration in inflation. At first glance, Fed Chair Jerome Powell has little in common with the Wizard of Oz. But in one respect he may: pulling levers that do nothing.”

USAGOLD note: Yet another under-the-radar analysis predicting more inflation down the road – second coming……

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