The Era Of Ever-Falling Inflation Expectations

Perhaps the Federal Reserve is like a charging rhino and it’s just very hard to turn it around: Certainly it’s striking that during the past thirty years of FOMC statements and speeches by chairmen and Fed governors, not a single sentence starts with the clause “as part of our thirty year drive for ever-lower inflation [...]

Source: http://thinkprogress.org/yglesias/2011/09/25/328103/the-era-of-ever-falling-inflation-expectations/

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