/dev/null Posted October 30, 2013 Share Posted October 30, 2013 http://www.cnbc.com/id/101146330 http://blogs.wsj.com/economics/2013/10/29/fed-balance-sheet-not-seen-returning-to-normal-until-at-least-2019/?mod=WSJ_hp_LEFTWhatsNewsCollection All Glory to TheBenbernank/TheJanetYellen Link to comment Share on other sites More sharing options...
Tiberius Posted October 30, 2013 Share Posted October 30, 2013 OMG!!! NO!!! The Fed has worked for decades to suppress inflation, but economists, including Janet Yellen, President Obama's nominee to lead the Fed starting next year, have long argued that a little inflation is particularly valuable when the economy is weak. Rising prices help companies increase profits; rising wages help borrowers repay debts. Inflation also encourages people and businesses to borrow money and spend it more quickly. The school board in Anchorage, Alaska, for example, is counting on inflation to keep a lid on teachers' wages. Retailers including Costco and Walmart are hoping for higher inflation to increase profits. The federal government expects inflation to ease the burden of its debts. Yet by one measure, inflation rose at an annual pace of 1.2 percent in August, just above the lowest pace on record. Link to comment Share on other sites More sharing options...
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