Re:Why inflation is not a threat
by tastyfreeze on Sunday March 14, 2021 @07:34PM
(#26460650)
Jerome Powell said the Fed has unlimited lending at its disposal. That is the engine that drives printing. Their intent is to print without limit until the economy is working the way they think it should.
>Their intent is to print without limit until the economy is working the way they think it should.
That's not in evidence. You are assuming their intentions without providing evidence to backup your claim.
It's a fact that the Fed has unlimited lending powers. Jerome Powell is the chair of the Federal Reserve. Explaining his powers doesn't show he intends to use them. Maybe you have the quote or you miswrote?
No one is advocating for unlimited money printing. The fact that money printing is being used to inflate financial assets that benefits elites is a policy and political failure not a repudiation of monitary policy.