Quantitative easing and devaluation with actually doing anything:
The Federal Reserve broke a taboo yesterday when it said quite baldly that inflation in the US is now below the level “consistent with its mandate”. In other words, it is too low.
Which led to this:
Kathleen Madigan points out that the language led to an immediate decline in the dollar, which should boost exports and, through rising import prices, inflation.
More here. Was this purposeful or accidental?
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