This country eats, drinks, and sleeps inflation in the post-war . . . at 3.4% since 1948.
It's the cover for the haves to rob the have-nots. The Fed's job is to keep it going, just at a lower level than the 4.4% of the last six years, while telling you that they work for you when they actually work for the banks and the corporations.
From 1871 to 1948 the inflation rate was 0.8%, for most of which time we had sound money . . . until they confiscated it in 1934.
The only true words below are "We don't know".
Warsh promises inflation will be a ‘thing of the past,’ cites benefits of AI investment boom
... "if we get policy right — and we will — the inflation surge of the last five years will be a thing of the past."
... "While monthly price fluctuations are inevitable — especially in an unsettled world — underlying inflation over longer time horizons is determined largely by monetary policy," he said.
... "We don’t know the extent to which the economy will benefit from the AI buildout," he added. "Yet it seems inevitable that what is now called ‘AI investment’ will soon be called just ‘investment.’"
Warsh previously has said he expects an AI productivity boom will prove disinflationary — a premise challenged by some economists as well as his fellow Fed policymakers. ...
Gee, I hope it's not this disinflationary:
