Friday, January 27, 2012

The Fed's 2% Inflation Target: The Real Personal Consumption Expenditure

The Fed:  What did they really say Wednesday?

They kept interest rates at ZERO...this really only benefits the banks.  In fact, everything the Fed does is to benefit the banks.  Their concerns about unemployment and "price stability" are empty at best.

The Fed also announced an "inflation target" of 2%.  Ridiculous, I know... Everyone and their brother knows inflation is running FAR ABOVE 2%.  Everybody but the Fed that is.  But then they look at inflation differently than the rest of the world:

Federal Reserve Abandons Core Consumer Price Index

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