Your post is based on a belief the central bankers are some all knowing, objectively factual, 100% competent organization.
The transitory inflation parade was so ridiculous that it turned into an internet meme. It’s just like the Fed was saying inflation was 2% when housing was skyrocketing across the country. They’ve literally redefined their measures to the point that their measures have become useless and a meme.
The transitory inflation parade was so ridiculous that it turned into an internet meme. It’s just like the Fed was saying inflation was 2% when housing was skyrocketing across the country. They’ve literally redefined their measures to the point that their measures have become useless and a meme.