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Jerome Powell: 'Near-Term Inflation Expectations Have Generally Increased'
1:25
YouTubeForbes Breaking News
Jerome Powell: 'Near-Term Inflation Expectations Have Generally Increased'
Speaking at the National Association for Business Economics on Tuesday, Federal Reserve Chair Jerome Powell discussed the Fed's inflation expectations. Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front ...
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Milton Friedman on the root cause of inflation: It's always about the money supply. The Fed let it collapse by a third during the Great Depression—disaster. They learned that lesson, but then made the opposite error: expanding the money supply too aggressively. The fundamental problem? Central banks keep confusing their mission, fixating on interest rates instead of their actual responsibility—controlling how much money exists in the economy. | Free To Choose Network
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