Wednesday, January 13, 2021

Kansas City Fed Honcho Fears Inflation

A bit of wisdom and a word of warning from a local power player who helps to make the money policy that's far more critical to the lives of Americans than the antics of any elected official.

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Fed's Esther George cautions that inflation could rise faster than expected

Long-dormant inflation could rebound more quickly than anticipated as the economy shakes off the effects of the coronavirus pandemic, Kansas City Federal Reserve President Esther George said Tuesday. Current measures show that inflation remains subdued, as it has been for most of time since the financial crisis of 2008.

14 comments:

Anonymous said...

I don't want it and I don't care. Go Guinea pig the blacks. They insist they have to have it first. I won't stop them.

Anonymous said...

^^^^^ Are you talking about Inflation???

Anonymous said...

TOP PHOTO -- BY GEORGE!

When Fed Governors partied at the Bareback Inn and skipped out on their bill, they left Jackson's Hole in the red!!!

Anonymous said...

Did anybody expect that Inflation wouldn't explode after four years of Deficit growth?

Economists only talk of "Inflation" as rising prices and costs, but there is an opposite side to that Coin (pun intended) that defines "Inflation" as decreasing the value of the Dollar.

Just like any Corporate Body, an Nation has a Debt/Equity Ratio, and the "value" of the Dollar is the best measure of the effect of the Deficit.

The Reagan DeprRecession proved that running the Mint's printing presses 25 hours a day while cutting taxes too low and spending like a Drunken Sailor, a/k/a "Supply Side Economics", has an inevitable result, but the GOP-led Bush2 and Trump years didn't learn that lesson.

Anonymous said...

In a way, it may be good that Trump did not win a second term. Let the Democrats take the hit for the coming hyper-inflation.

Anonymous said...

We can thank Biden for the raise. It will be all his fault.

Anonymous said...

^^Yes! We can also thank him for the rapid rollout of the Vaccination, the second round of stimulus, the investment in infrastructure, strengthening Obamacare and the resulting stock market boom that will result. Thank you Joe Biden!!!!!

Anonymous said...

She's been yelling about inflation and rising interest rates for well over a decade.
And inflation is below 2% and interest rates are basically zero.
Even a stopped clock may be right twice a day.
She's the kind of economist who has predicted seven of the last two recessions.
Good luck!

Anonymous said...

^ 9:02 - Joe Biden cowered in his basement for 9 months while President Trump led efforts to develop the corona virus vaccine in record time.

Biden and Harris said such vaccine was "unsafe" because it was developed under the Trump administration.

Not surprised if a coward like Biden tries to take credit for President Trump's leadership for a vaccine to defeat a virus that Biden's Communist Chinese buddies unleashed on the world.

Anonymous said...

Hyper-inflation will destroy American's 401 k's.

When the Communists double the national deficit with their uncontrolled spending, the United States will become the Wiemar Republic.

China has their puppet, Joe Biden, in office because the Chinese Communists own $10 trillion in U.S. Treasury Securities.

Obama added $11 trillion to the national deficit in 8 years so expect Biden to do likewise.

Anonymous said...

Communist China's Ambassador Long Dong, will be a special assistant in the Joe Biden Administration.

Anonymous said...

Zhou Bei-Din will cause inflation and taxes to go up. It will cause destruction of America which will please his Chinese masters and also the effeminate Democratic Party.

Anonymous said...

^^and yet white domestic CHUDS tried to destroy America last week and are currently plotting to do so next week. They like to kill police officers. Weird.

Retro ROCKER said...

We have trouble hear in River City. Look out JOCO.THE VULTURES INVESTORS,ARE READY TO BUY THE THOUSANDS,OF HOME FORCLOSERS IN THE COMING YEAR AND YES THE things you need there will be inflation. And what you don't need Deflation.