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by mghfreud 1632 days ago
Right, but at least they said they know there is a problem and they will address it. It is not like how it is in Turkey where they said “inflation is high, let’s decrease it by printing far far more money and decreasing interest rate further”.
2 comments

Have they? because last I checked they (both the Tresury, and The Fed) still insist that this inflation is transitory, supply chain issue not their monentary policy... (they investigated themselves and found they did nothing wrong)

And they are still claiming government spending trillions is not the cause, and will not create new inflation..

So no, I dont believe they have acknowledged the problem at all, nor are they really going to address is. Sure the fed says they will wind down their buying, and signaled they might raise interest rates VERY VERY VERY minimally, they are acting as if demand caused by supply chain issues is the root cause

It is not

They have taken actions in response to inflation....
I am not aware that US government is going to address inflation issues. Interest rate should at least match inflation that is 6.8% and that is not going to happen.
The Fed isn’t doing that because it’s an extreme change that would wreck the economy. Or at least, so many people believe. Why do you think you know better?
I only say FED doesn’t address inflation. Not if it is good or bad.
They obviously address inflation. Why do you think they do not?
Fed didn't increase interest rate, so they obviously didn't address inflation.