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Fed’s miscalculation of inflation could be very costly next year

Michael Busler  |  May 7, 2021

Text by Michael Busler includes “… The inflation today is really caused by more than just a pent-up demand and supply chain disruptions. The reasons we have inflation are 1) rising energy prices, 2) a rapid growth in the money supply, 3) huge government budget deficits, and 4) a potential capital shortage. … Historically the Fed has a terrible record when forecasting growth and inflation. … The Fed should be concerned about inflation today.” 

Read the full article on: KMJ Now News Talk Radio (New Jersey)

 
 
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