The Federal Reserve Bank of Philadelphia warns about “inflation”.
The economy may be at greater risk of inflation than the conventional wisdom indicates,” Plosser said in a speech yesterday in New York. “While inflation expectations appear to remain anchored, we should not become sanguine about our credibility. It can be easily lost.”
Duh! Print a few trillion extra dollars and there “might be inflation”. Geniuses!
What we will face is stagflation, a slow economy and devaluation of money due to excessive government debt and money printing.
Should suck pretty bad, especially since the current crew in office only cares for about 35% of the US population + all of Europe + radical Muslims everywhere.