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gab13by13

(22,641 posts)
15. I wish I understood macroeconomics
Fri Apr 5, 2024, 05:20 PM
Apr 2024

It just seems to me that everything the fed does is centered around a number 2.0 or 2.5 inflation rate, why?

Maybe the economy will run just fine at 3.0?

People can rig inflation. Just the talk of an Israeli/Iranian war moved oil prices to $90 a gallon. The prices of consumer goods increased during Covid because of a lack of supply, when do the prices go back down?

Negative Fed speak by the fed Minneapolis president tanked the market, now there are people talking about raising interest rates again. I am just a paranoid person I guess, what is so magical about the 2.0 inflation number?

I just learned that there has only been one Democratic Fed chair, Janet Yellen.

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