“The inflation rate is stuck at 3% because we can’t dis-inflate it… we’re not going back to goods deflation.”
Jim Bianco · Monetary Matters with Jack Farley · Jim Bianco: Why I’m Finally Buying Bonds After Six Years
Play from 12:30
12:30
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What was described
Stated that inflation will stay stuck around 3% because goods deflation cannot return due to political barriers
3% overall inflation
Said nearby on the same subject
“There was a San Francisco Fed paper… most of the goods inflation we’ve seen has come from tariffs… just stop the tariffs and we’ll go back to goods deflation.”
“If you now average across all states and localities, the kind of weighted population average minimum wage is around $12.13… a high barrier for many employers.”
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