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Bloomberg/Lisa Abramowicz/4-24-2022
“All this suggests one of two things: either the world’s most important central bank has lost control over inflation, or it isn’t going to even try to get it back down to their 2% target.”
USAGOLD note: So where does that put us? To control the narrative, says Abramowicz, “it has to take bold actions to match its tough talk.” With such a wide disparity between the inflation reality and the Fed’s target, few believe that is going to happen anytime soon.
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