The Peter Drucker sallies about how government “can only do two things well: wage war and inflate the currency” is being severely tested. Today, we see this headline, over a piece by Jonathan Spicer of Reuters
Worried on low inflation, Fed seen offering soothing words
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So, not enough inflation then, and:
The U.S. Federal Reserve this week will likely reinforce its stated willingness to wait a long while before hiking interest rates after a volatile month in financial markets that saw some measures of inflation expectations drop worryingly low.
The part about waging war isn’t any better.
