5% Inflation for a Decade?
What Goes Up
Is the Fed Going to Give Up on Its 2% Inflation Target?
Vincent Cevallos: Would it be smart for the Fed to give up on its 2% inflation target? He says there are many ways you can do it quietly without actually acknowledging it. One way is called hedonic adjustment, which only applies to about 60% of the index right now. But that has a very strong deflationary impact because an iPhone is more than a thousand bucks now.
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