Fed’s Miscalculation of Inflation Could Be Very Costly Next Year

If the Fed waits too long to act, double-digit inflation could result.

The Federal Reserve (Fed) continues to say that the sharp rise in the inflation rate is temporary. Inflation will subside later this year, it says. As such it will keep interest rates near zero and continue to dramatically increase the money supply by purchasing $80 to $120 billion of…

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Michael Busler

Dr. Busler is an economist and a public policy analyst. He is a Professor of Finance at Stockton University. His op-ed columns appear in Townhall, Newsmax.