Government stimulus and tight labor conditions are impacting “service sector inflation and stickiness of wages,” which are proving challenging for the US Federal Reserve, says Robert Kaplan, former Dallas Fed President and Co-Chairman of the Draper Richards Kaplan Foundation. He speaks on Bloomberg Television following Jerome Powell’s comments that an upcoming rate hike is unlikely.
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Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.
All we hear from these Federal reserve is inflation inflation inflation. Wow they don't see that it's up already. Yes increase inflation give our people a chance when it comes to this depression. Allow each state to develop its own golbach currency as Texas has been trying to do for years. What is going to happen within the next few years to those hard-working American people that don't understand that a Federal reserve Note is just a promise to pay. Save our people. God bless true Americans
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