Federal Reserve Still Wedded To Preposterous Phillips Curve — And May Make Foolish Decision Tomorrow
"Acquire understanding amidst all that you acquire."
July 25, 2023, 6:00 in the morning Eastern Daylight Time:
The business and economic sectors are anxiously awaiting not just the decisions the Federal Reserve will make regarding interest rates this week, but also any indications it might provide regarding its future actions.
The blog section in simpler English: According to What's Ahead, this entire situation is absurd and risky. The Federal Reserve doesn't understand inflation correctly. It wrongly assumes that economic success leads to this problem and tries to combat it by slowing down the economy. Essentially, this means making people less wealthy.
It's an instance of severe misdiagnosis. Practical experience demonstrates that the Federal Reserve's perspective is utterly nonsensical. Our national bank ought to prioritize achieving stability for the dollar. Surprisingly, only a single candidate running for presidency is addressing this crucial matter. The remaining candidates need to catch up and become well-informed on this issue.
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