TenuredVulture wrote:I mean, Donna Brazille didn't exactly do a great job when she ran a campaign.
Also, it seems to me the goal of current economic policy is to get inflation revving up. Thus, it's going to suck even worse than people imagine, because workers have little bargaining leverage, so COLAs won't even keep up for most Americans, and it's a way to accelerate wealth transfer from workers to capitalists. The one mitigating factor is it will take a small bite out of consumer/household debt.
I've actually really liked Yellen keeping rates down for as long as she did. Raising rates doesn't help most people.