Buckle Up! The May CPI Was No Transitory Blip, Part 2

There are few things more preposterous in this old world than the Fed’s claim that it can reliably goose inflation to its 2.00% target, and to the second decimal place at that. The very pretension of it is mind-boggling, as proven by the chart below. The one thing the Fed surely can’t levitate is the […]
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