Bloomberg: "Federal Reserve Bank of St. Louis President James Bullard said the central bank may need to increase monthly asset purchases above the current $85 billion pace if inflation slows further below its 2 percent goal."
May need to increase? More like WILL 'need' to increase!
But anyway, this is the excuse that they will use to further increase the size of their QE: low inflation rate. But eventually, even the government's CP-lie numbers will no longer be able to hide the rate of inflation. By then, what other excuse will the Fed have?
The world consumes the same corn, wheat, copper, beef, and what not. So it is astounding that nations worldwide report 5-7% inflation rates, but the US only has a 1%+ inflation rate. Education, tolls, transport, healthcare, energy, food, bonds, stock prices have gone up rapidly in the past few years, but the authorities claim to have low inflation?
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