Eat it or Beat It - Americans really, really hate inflation

and that's a big problem for the Fed!The Fed for years has targeted 2% inflation. Some economists think 4% would give the Fed more room to get out of downturns.
WSJ;
By Justin Lahart
June 9, 2024
Inflation is still higher than the 2% the Federal Reserve is aiming for, and maybe that is OK. That is, if we could just put aside the fact that we hate inflation so much.
Fed policymakers are poised on Wednesday to leave their benchmark federal-funds rate steady at the highest level in more than two decades, and inflation is the biggest reason. Their preferred measure of consumer prices, from the Commerce Department, was up 2.7% from a year earlier in April. That marks an improvement from April 2023, when it was up 4.4%, but still doesn’t show the kind of progress investors were hoping for at the beginning of the year, when they were betting the Fed would be cutting by now...
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"Weird Al" Yankovic - Eat It >or<
Michael Jackson - Beat It
Patti Smith - Rock 'n' Roll Nigger 1979
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