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The US dollar has lost 25% of its purchasing power since January 2020. Every $1 you had is now worth $0.75 of goods. Insane. https://t.co/vu0znTRvLt
Maybe, if inflation settles at 2-to-2.5%, if we're closer to 3%, it will be difficult for such a facade to hold without an explicit shift in the target. That won't happen, which brings us to the inevitable re-tightening. https://t.co/RK30LPznHj
Inflation is so bad that even the Fed is losing purchasing power https://t.co/Idc5rRYIS7
Major central banks, including the Federal Reserve, are considering a shift away from strict inflation targeting towards a range-based approach due to rising inflation concerns. Analysts suggest a move towards a 2-3% inflation target range. The Fed's credibility is questioned amid ongoing high inflation and asset inflation, with calls for tighter monetary policy to address the situation.
