Tag: U.S. Federal Reserve
Federal Reserve Chairman Jerome Powell recently announced that the Fed is abandoning “inflation targeting” where the Fed aims to maintain a price inflation rate of up to two percent.
Something profound – and separate from ‘tech de-coupling’ – is already shaping the global monetary order (quite apart from likely Chinese exclusion).
The U.S. Federal Reserve serves as the great enabler. It is the engine that drives the U.S. thrust for primacy.
The delusion of bailing out a failed and sick system must be shaken off once and for all.