Do they send central bankers to a special school where they learn to lie without blinking an eye? Food prices are skyrocketing. Natural gas prices are skyrocketing. Oil prices are skyrocketing. Healthcare costs are skyrocketing. Tuition is skyrocketing. Rents are at all-time highs. At least wages are falling, so we got that going for us.
This lying bitch has the balls to stand in front of the American people and declare that inflation is evolving in line with her expectations. What a load of horseshit. Inflation is now running at 6% on an annual basis and over 8% in the last two months. The fucking stock market soars to new highs based on the lies of this bitch. What a warped fucked up country we live in.
Those Soaring Food And Gas Prices? The Fed Has A Name For Them: “Noise”
Submitted by Tyler Durden on 06/18/2014 15:30 -0400
This looks like a trend to us…
But no – The Fed says its transitory and exactly what they expected…
There’s every reason to expect, Madam Chair, that the PCE inflation rate, which is followed by the Fed, looks likely to exceed your 2016 consensus forecast next week. Does this suggest that the Federal Reserve is behind the curve on inflation? And what tolerance is there for higher inflation at the Federal Reserve? And if it’s above the 2 percent target, then how is that not kind of blowing through a target the same way you blew through the 6.5 percent unemployment target, in that they become these soft targets? Thanks.
So I think recent readings on, for example, the CPI index have been a bit on the high side, but I think it’s — the data that we’re seeing is noisy. [ZH: What noise?]
I think it’s important to remember that, broadly speaking, inflation is evolving in line with the committee’s expectations.
The committee has expected a gradual return in inflation toward its 2 percent objective. [ZH - It's already there!!!!!] And I think the recent evidence we have seen, abstracting from the noise, suggests that we are moving back gradually over time toward our 2 percent objective and I see things roughly in line with where we expected inflation to be.
I think if you look at the SEP projections that were submitted this time, you see very little change in inflation projections of the committee. [ZH: Because you are all ignorant!!]
Still believe The Fed has inflation all under control?