By EconMatters
We discuss the global inflation problem that first started in financial markets and now is working its way into the global economy in this video. Central Banks all around the world are behind the curve in fighting inflation with far too loose monetary policies. None of these global interest rates belong at these historically low ridiculous levels, and we are starting to experience the consequences of bizarre abnormal monetary policies around the globe!
The fact that the Core Inflation Rate in the US could stay above 2% for an entire year, and in the 2.3% range despite a strong dollar putting pressure on inflation for an entire year should tell the Federal Reserve something, namely they need to play catch up in raising interest rates. My solution is a 50 basis point rate hike at the March FOMC Meeting in four weeks.
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