Powell Still Hopes to Do the Impossible – Ep 842
The Peter Schiff Show Podcast
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How Long Will It Take to Get Inflation Back Down to Two %?
I think that getting inflation down to two % in five years is optimistic. I don't think the fed is going to do it. And that's because i think thefed is going to surrender in this fight. The pretence was, unless consumers expected rising prices, they would stop buying things. But when powell said that real estate prices need to go down to make home ownership more affordable, he was acknowledging effect of falling prices. When prices go down, people buy more goods and services not less. That's a complete farce.
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