Quote:
Originally Posted by RICH1
It's obvious INFLATION is here but, how can Mr. Powell or anyone for that matter control it? It seems that the fundamentals have been ignored and consumers are creating their own problems! Will consumer demand for products decrease and prices start to fall? Didn't see this coming?
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Inflation can be controlled by monetary and fiscal policy.The risk is causing a recession if policy is too tight. Also Janet Yellen is a dove on inflation and Powell misreads the economic signals. So, I forecast rising prices and possible stagflation.