Members of the U.S. Federal Reserve and fellow bureaucrats have said that they are not worried about inflation levels and some officials have even encouraged a general increase in prices for goods and services. Despite the alleged statistics that say U.S. inflation is only 2% to 2.24%, reports show that Fed’s liquidity expansion has accelerated inflation, and prices on goods and services in the U.S. have swelled a great deal.
The Federal Reserve Claims the US Inflation Rate Is ‘Well-Anchored at 2 Percent’
There’s a reason why precious metals like gold, silver, and cryptocurrency assets like bitcoin (BTC) are considered an escape from monetary inflation. All three of these forms of money and their monetary bases cannot be expanded as fiat currencies can, and statistics show that the U.S. money supply is now 24% higher than it was before the pandemic-related stimulus packages.
Now the Federal Reserve’s own books, numerous status quo economists, and mainstream media publications claim inflation in the U.S. at most a mere 2% to 2.24%. Moreover, U.S. politicians and central bank members are planning to flush another few trillion dollars into the economy with claims of rebuilding American infrastructure. That stimulus ($3 trillion), if passed, would add an additional 12.2% of growth to the U.S. money supply.
Still to this very day, even though 77% of Americans are frightened of a loss in purchasing power, the Fed and bureaucrats show no worries about inflation. However, statistics from shadowstats.com and equipmentradar.com indicate that inflation is much higher than the 2% inflation rate that is touted regularly.
“By seeking inflation that averages 2 percent over time, the FOMC will help to ensure longer-run inflation expectations remain well-anchored at 2 percent,” the Federal Reserve insists in its frequently asked questions (FAQ) section.