Loading ...I think Powell isn’t worried about inflation because he’s worried about deflation in the stock market, real estate market and Bond market. If they all went down in value, it would a huge contraction of money supply and much lower prices.
I remember hearing a story about a friends father that had a lot of cash, when the depression hit. He bought THREE brick houses in a row to rent out, plus held mortgages, loaning money to others to buy houses.
I don’t think we have anything worry about other than adjust for a lot of distorted under valued things like on gasoline metals and oil righting themselves higher.