If the Fed can’t lift inflation, what does that say about its ability to ensure full employment?

If the Fed can't lift inflation, what does that say about its ability to ensure full employment? t.co/w71wRUdDT2

— Matthew B (@boes_) August 28, 2020

Breaking news-
Jerome Powell announced the Fed has found the much awaited cure for deflation
Henceforth it will be able to produce inflation & growth

Pressed for details, he said "It's a secret" adding "but it does involve magic"

Japanese economists could be heard sighing… pic.twitter.com/QJgfKIoGZb

— Paul Gambles (@PaulGambles2) August 28, 2020

Note yesterday we saw further evidence of this.

*CAPITAL ONE LOWERS CARD LIMITS AMID U.S. IMPASSE ON JOBLESS AID

— Teddy Vallee (@TeddyVallee) August 28, 2020