Is the Fed walking into a trap?

Real Investment Advice/Lance Roberts

“Over the last decade, the Federal Reserve, and Central Banks globally, have engaged in never-ending ‘emergency measures’ to support asset markets. While the stated goal was that such actions were to foster full employment and price stability, there has been little evidence of success … What monetary policy did not do was lead to ‘general fluctuations in price levels.’ Despite the annual call by the Fed of higher rates of inflation and economic growth, the realization of those goals remains elusive.”

USAGOLD note:  Roberts argues that deflation is the longer-term threat, but inflation potentially looms in the short term.  That, he explains, will present the Fed with a whole new and different set of problems.

Repost from 5-24-2020