Here's your periodic reminder that one half of the Fed's mandate is a literal oxymoron: they are tasked with creating "price stability" and to achieve that they target a 2% annual inflation rate.
A 2% annual inflation rate is manageable for those with businesses and investable assets to comprehend.
For the average Joe, it represents a gradual decline in the quality of life.
For the average Joe, it represents a gradual decline in the quality of life.