The Fed announced a shift in the target of 2% inflation to an average rate of 2% inflation. The overshooting is expected to last longer than 5 years.
The BoJ kept interest rates low for a long period of time in order to increase inflation to the 2% target. However, their policy failed. Will the Federal Reserve be the next in line?
Join Stavros & David to find more about the Fed’s options going forward as they engage in infinite QE.
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