by Sundance at The Conservative Treehouse
To me, this is just jaw-dropping. The Federal Reserve Chairman Jerome Powell made statements today akin to saying the emperor is wearing a beautiful coat. I can share examples, but to really encapsulate the issues, it’s actually easier to start by sharing a chart he presented when discussing inflation.
Do you notice anything missing in this chart? Look at it carefully.
If you look at it and say: “hey, where’s the actual 2021 data he is talking about“, give yourself a cookie.
The guy is talking about the issue of 2021 inflation and expressing his empathy that inflation is running “far ahead” of the federal reserve projections. Yet, the graphic Powell uses doesn’t even show the 2021 rate of inflation that he is expressing his concern about.
Why wouldn’t the graphic show the rate of inflation for 2021? Well, take one look at what the graph would look like, and you realize immediately why he would not want to put it in front of people…
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