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.