Another great appearance by Bianco on MacroVoices. Among many noteworthy observations most striking to me was his statement that the Fed now has an 'unofficial' inflation target of 3%. Seeing Services CPI at 2.9% and rising generated the same though for me. Former Fed commie Dudley saying we need 50 bps is beyond laughable. The Fed wasn't created to help you or I. FDR didn't steal our gold for the banks because he CARES, contrary to historical myth.
Another great appearance by Bianco on MacroVoices. Among many noteworthy observations most striking to me was his statement that the Fed now has an 'unofficial' inflation target of 3%. Seeing Services CPI at 2.9% and rising generated the same though for me. Former Fed commie Dudley saying we need 50 bps is beyond laughable. The Fed wasn't created to help you or I. FDR didn't steal our gold for the banks because he CARES, contrary to historical myth.