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At the Fed’s recent Jackson Hole Symposium, Jerome Powell not only completely revised the Fed’s history of fighting, or not fighting, inflation but he had the audacity to shift the inflation blame to the public!
The reality is that Powell can’t admit that the Fed caused the inflation of the 1970’s because the Fed is making the same mistakes now that it did then, just on an even bigger scale. In this clip from episode 727 of The Peter Schiff Show Podcast I discuss the comments that Powell made about inflation history and why his explanations are complete and utter nonsense.
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