There will be a price to pay in the bond market for the FEDs lax attitude about inflation...
Their problem is that the data is showing INFLATION AND SLOWING OF THE ECONOMY.
THIS IS THE CLASSIC POST-KEYNESIAN STAGFLATION THAT HAS PLAUGED THE MODERN ECONOMIC SYSTEM FOR YEARS...!
AND THIS WILL BE NO EXCEPTION... INFLATION AND A SLOWING ECONOMY ARE HOW WE "DO" RECESSIONS IN THE POST-KEYNESIAN WORLD...
YOU'D NEVER GET ANYONE IN THE ECONOMIC COMMUNITY TO ADMIT THAT!
AS LONG AS YOU KNOW IT...I SUPPOSE IT DOESN'T MAKE ANY DIFFERENCE...
