Inflation is never temporary.

2021-07-16

Inflation is never temporary. It will always go up and never one time come down. Fed's Powell just trying to soft down the overreact. I already felt the pain of the inflation. Thing are getting expensive. our salary never increase with our inflation. Bank interest rate for saving total zero interest. All bank fix deposit is not even a 1% nowaday. Who 'Not comfortable'. I also not comfortable and not happy ☹️.

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SharkRider
2021-07-16
SharkRider
valid point. However, the US Central Banks do not have better tools to deal with the sharp rise in inflation. the QE is their best tool now and it is already heavily overused and somewhat ineffective
- Des79:
  I agreed. The QE tool had been overused

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