Inflation and What To Do

[Ann]

Fed's Powell Says Taming Inflation Could Lead to 'Some Pain'

 

Federal Reserve Chair Jerome Powell said the central bank’s efforts to quash inflation will require a “sustained period of below-trend growth” that will lead to pain for households and businesses.

 

“These are the unfortunate costs of reducing inflation,” Powell said during a speech at the Fed’s annual meeting in Jackson Hole, Wyo. “But a failure to restore price stability would mean far greater pain.”

 

</snip>

[Uncle Joe]

44 minutes ago, Ann said:

Fed's Powell Says Taming Inflation Could Lead to 'Some Pain'

 

Federal Reserve Chair Jerome Powell said the central bank’s efforts to quash inflation will require a “sustained period of below-trend growth” that will lead to pain for households and businesses.

 

“These are the unfortunate costs of reducing inflation,” Powell said during a speech at the Fed’s annual meeting in Jackson Hole, Wyo. “But a failure to restore price stability would mean far greater pain.”

 

</snip>

I wonder if Biden doling out free money like Oprah affected his stance on inflation. 🤑

 

[devnull]

2 hours ago, Ann said:

Fed's Powell Says Taming Inflation Could Lead to 'Some Pain'

 

Federal Reserve Chair Jerome Powell said the central bank’s efforts to quash inflation will require a “sustained period of below-trend growth” that will lead to pain for households and businesses.

 

“These are the unfortunate costs of reducing inflation,” Powell said during a speech at the Fed’s annual meeting in Jackson Hole, Wyo. “But a failure to restore price stability would mean far greater pain.”

 

</snip>

 

[Nouseforaname]

[Foxx]

You don't say...

 

[Foxx]

...

 

[Foxx]

Though a pariah of the West, there is truth in these words.

 

[SackMan518]

Americans Spent More on Taxes in 2021 Than on Food, Clothing and Health Care Combined

 

[Foxx]

57 minutes ago, SackMan518 said:

Americans Spent More on Taxes in 2021 Than on Food, Clothing and Health Care Combined

 

Great... now I'm a consumer unit. 

[Ann]

More inflation...
 

 

[Koko]

40 minutes ago, Ann said:

More inflation...
 

 

 

This is but a small price to pay for no mean tweets.

[Ann]

The railroad strike on Friday should really move things along the downward spiral. If I am the union, I am asking Biden for everything I want plus a pony. He will be forced to give them everything they ask for, to the detriment of inflation. 

[Foxx]

Argentina hikes interest rate by 550 basis points to 75% after inflation overshoots

Quote

Argentina’s central bank hiked the country’s benchmark interest rate 550 basis points to 75% on Thursday, a day after inflation overshot forecasts to near 80% on an annual basis.

 

The hike followed a 950 basis points-raise in August of the 28-day Leliq benchmark rate, as the government tries to bring down spiraling prices that are hurting Argentines’ savings and salaries and denting the popularity of the Peronist government. ...

 

[Nouseforaname]

On 9/17/2022 at 6:26 AM, Foxx said:

Argentina hikes interest rate by 550 basis points to 75% after inflation overshoots

 

Not the first time. 

[SackMan518]

[Nouseforaname]

This is how you stop inflation, you forbid it.  

[Foxx]

[Foxx]

CPI comes in at... 8.2%

 

[Foxx]

On a more positive note, SSI is increasing 8.7% for 2023.

 

[Billsandhorns]

6 minutes ago, Foxx said:

On a more positive note, SSI is increasing 8.7% for 2023.

 

Just barely above current inflation. By the time 2023 rolls around, the increase will most-likely be wiped out