Too low for Jay (#Fed) and company - who explicitly told us that they would let inflation run hot, to bring inflation back to 2% on average, over time.
No surprise anyway. So long as entitlement reform isn’t politically feasible and Congress continues maintaining the fiscal discipline of a crackhead, monetization is more and more likely.
Too low for whom? 😂
Too low for Jay (#Fed) and company - who explicitly told us that they would let inflation run hot, to bring inflation back to 2% on average, over time.
No surprise anyway. So long as entitlement reform isn’t politically feasible and Congress continues maintaining the fiscal discipline of a crackhead, monetization is more and more likely.