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Fed Bets the Farm on Transitory Inflation – Ep 715

    • Government data says inflation worse than the 80s; real data says inflation already worse than the 70s.
    • Hypocritical Republicans criticize Biden for the same policies they pushed for under Trump.
    • Jerome Powell claims economy is great, but it needs the same amount of stimulus as when it was crashing.
    • Fed claims to have the tools to fight inflation if it gets too high, but not using them now proves they don’t.
    • Powell admits people aren’t working because they’re being paid not to.

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