Re: Economy shrunk by .7% in 1st quarter
Yellan would like to raise interest rates, so that the fed would have a tool in their toolbox to fight inflation. Inflation is a funny thing, people that have it good say "Inflation! What inflation? I don`t see no inflation!" But those of us in the real world are bit in the butt everyday with inflation and many of us can`t put a finger on it.
The Chapwood Index actually shows the rising cost of living that us real worlders experience. The fed knows it`s not a figment of our imaginations and they know the lid won`t stay on this pot much longer.