Minneapolis Federal Reserve President Neil Kashkari said on Friday that the U.S. Warnings that inflation will rise are not supported by any evidence and are tantamount to ‘ghost stories’. Kashkari said in an essay posted on his regional bank’s website that the debate, which has been going on since 2008, …
Read More »Fed adopts new approach to inflation: what it means for your savings, credit-card interest – and mortgage rates
The Federal Reserve is shaking things up – which is good and bad news for consumers. The Fed made some major changes to its policy over the years following an extensive review. The central bank has improved its approach to inflation and the labor market, leading to lower interest rates. …
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