“The FOMC judges that low and stable inflation at the rate of 2 percent per year, as measured by the annual change in the price index for personal consumption expenditures, is most consistent with achievement of both parts of the dual mandate.”
“Over time, growth in GDP causes inflation, which if left unchecked, runs the risk of morphing into hyperinflation.
Most economists today agree that a small amount of inflation, about 2% a year, is more beneficial than detrimental to the economy.”
That still doesn't make your point. Are you saying that annual GDP growth of 4.9% is the type of rampant growth that causes inflation based on... an article on a dodgy website?
Because, it looks like you're saying all GDP growth causes hyperinflation based on an article on a dodgy website.
Because, it looks like you're saying all GDP growth causes hyperinflation based on an article on a dodgy website.