26 Years On The Easy Button—-How The Fed Destroys Jobs And Real Wages

While unaccountably insisting at yesterday's presser that there are no financial bubbles in sight, Janet Yellen did espy a continuing deficiency of inflation. The Keynesian school marm in charge of euthanizing honest capital markets noted inflation was running at 1.7% over prior year. Since that's below the committee's 2.00% target, the implication was that the FOMC still had considerable work to do at its printing presses.
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