Fed will get its inflation; here’s who will pay

By Ray Pinard | September 13, 2013

CNBC  published this interesting article by Senior Writer Jeff Cox  on its web site.

What’s good for central banks isn’t always good for the individuals they are supposed to serve, a lesson likely to come into view even more clearly in the days ahead.

Higher inflation that’s to come will mean still-tough times for savers and retirees, whose money has generated little return since the Fed took over the post-crisis economy.

After pulling the U.S. economy back from illiquidity and indeed the brink of insolvency during the 2008-09 dark days of the financial crisis, the Federal Reserve has been on a thus-far fruitless crusade to generate positive levels of inflation.

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