JOIN OR RENEW TODAY
Unfortunately, the problem with this type of interview is that it doesn’t get to the heart of the matter. When asked about why 2% inflation, there was no follow up to challenge Powell.
Reading the most recent FOMC minutes, it’s difficult to know whether they believe what they say, or are just going through the motions, attempting to stave off economic collapse for as long as possible.
Money and Banking
It's less and less convincing when the Fed claims it acts “solely to fulfill our congressionally mandated goals of maximum employment and price stability."
Listen to the Audio Mises Wire version of this article.
It could take several years. But “Fedcoin'' is on its way and soon will be our reality. The question is: Will Fedcoin make our lives easier or just the Fed’s?
The Federal Reserve Bank of Boston...