We are assured that we are a long way from normal by the Fed Chairman.
For the better part of a decade, the Fed saved the banks trillions in interest by keeping rates so low. The problem is that if they remain too low for too long, it runs the risk of hyperinflation.
The reassurance from the Fed is consistent. Even former Fed Chairwoman Janet Yellen is in on the act.
There is just one challenge with this.
“So, let’s look at the Fed’s track record, shall we? Did you know that in 105 years, the Fed has never accurately forecast a recession?
…. Or that the current running total is nine straight annual economic forecasts that they’ve had monumentally incorrect?”
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