Twitter CEO Jack Dorsey Issues Cryptic Warning of ‘Hyperinflation’ Soon To Happen in the US
from Sputnik News:
Twitter co-founder Jack Dorsey weighed in on “hyperinflation” in the US, issuing a cryptic warning that things are going to become considerably worse.
In typical Dorsey style, the cryptocurrency advocate tweeted that “it will happen in the US soon, and so the world.”
TRUTH LIVES on at https://sgtreport.tv/
“That is my worry,” Moody added. “Inflation will be above the Fed’s (2 percent) target through all of next year.”
Elevated inflation has invigorated central bank critics, who began talking about slowing — or tapering — the pace of its Treasury purchases.
Since the pandemic, the Federal Reserve has suppressed interest rates to near-zero levels and resumed large-scale asset purchases.
Hyperinflation is described as accelerating and out-of-control price increases caused by an increase in money supply not supported by economic growth, and demand-pull inflation in which demand exceeds supply.
The Federal Reserve said the path of the economy continues to depend on the course of the virus, but added that they are prepared to ease the backlog, taking into account the emerging risk of inflation.
The results, however, may not be apparent for some time, according to the reports.