by Chris Black
Jerome Powell, the genius running the FED, has decided to keep interest rates at zero or near zero and also stop referring to inflation as “transitory.” He used his genius brain to realize that printing more money to solve inflation is a brilliant plan, but that it also means more inflation.
This guy’s got a brain so big his eyeballs bulge, because the brain tissue is pushing against his optic discs.
Federal Reserve Chair Jerome Powell says the Fed is keeping interest rates near zero, but is speeding up the reduction in its asset purchases.
— CSPAN (@cspan) December 15, 2021
The solution to inflation is to just keep printing money and then everyone will be rich.
If the fed chair would have thought of this in the 1970s, we’d all be living in gigantic mansions and driving Lambos.
The question is, if inflation isn’t transitory, then what is it?
Just like the universe.