Here's pce, same thing now. Here's the Fed funds rate. What the Fed controls short term interest rates. So they're cutting rates as inflation's going up. They're supposed to have, They're supposed to keep inflation under 2%. So why are they cutting rates when inflation's going up? And a lot of people are asking that question, are we going to relive the 70s where the Fed moved too quickly to cut rates and inflation spiked again? (1:04:27–1:04:31)
CLAIM
Asserts that the Federal Reserve's mandate includes keeping inflation under 2%.
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