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It’s Not Just Inflation, The Fed’s Lost Control | Round Up

Supply Shock

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The Feds Job Is Price Stability, Right?

"I got to be honest, it is a little frightening to watch play out in real time," Mark Whitaker says. "The rich get richer when inflation numbers are high and the poor get poorer." White House has been trying to lower its target for price stability from 3% to 4%. The move would increase wealth at the top of the pyramid by about $1 billion per year.

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