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“Price stability is the bedrock of the economy” Fed Chief Powell

Posted by Mr.Copper @ 7:52 on July 28, 2022  

That’s a pretty amusing false and misleading statement. I remember seeing a receipt for a 1950 Chevrolet that my uncle bought is was for $1000.

My friend just bought new Chevy Equinox $31,000. So going back to 1950 things cost about 30 times more. I use a factor of X or times 20 going back to the early’70s.

“Prices climbing uniformly at 7% is the bedrock goal of the Federal Reserve economy” and,

“Maintaining full employment in other nations” is the other primary goal of the Fed Res. Mr. Copper 2022

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.