The Fed Will Invent New Inflation Numbers Out Of Thin Air

The Fed Will Invent New Inflation Numbers Out Of Thin Air Submitted by QTR's Fringe Finance The Federal Reserve is rapidly approaching the point where every available option becomes politically toxic, economically destructive, or both. Inflation remains stuck around 3.8% CPI, well above the Fed’s stated 2% target, and that number alone should theoretically eliminate any serious discussion of aggressive easing. Treasury yields are rising as bond investors demand compensation for persistent inflation, uncontrolled fiscal deficits, and the growing realization that Washington’s debt load is becoming increasingly unstable. The American consumer, meanwhile, is clearly running on...