Not exact matches
The divergence
of core and total
inflation is important because the central bank's best
means of controlling prices is convincing economic actors — households, executives, investors — that it has a handle on things.
The currency
controls that Chavez implemented have exacerbated some
of the very problems they were
meant to address:
inflation and capital flight from the country.
I
mean, think about areas outside
of the United States that have high
inflation rates, if you are a consumer there, in an oppressive regime, you want a way to have more
control over your assets and not be at the whim
of governments, so that's kind
of how it all started.
For far from it being the case that the Fed's new operating system has proven its worth as a
means of overall monetary
control, it is largely owing to that system that the Fed has failed for the better part
of six years now to hit its two - percent
inflation target.