Is Inflation a Priority to the Fed?

As long as things aren't breaking, inflation is the priority. As soon as things start locking up in credit markets, similar like what you had in two thousand eight, two thousand nine, a, they have to keep the system plumped at all costs. The more complex the part, the more it takes for that pricing mechanism to play out and realize some of those deflationary prices. And if you don't have financial stability while maintaining employment and inflation, then you lose them both. It's about to get really messy and difficult to kind of wrap your head around because there's so much complexity wrapped into supply chains.

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