The Fed’s “7% Solution” Won’t Work This Time

Authored by Lance Roberts via RealInvestmentAdvice.com, Just recently, James Bullard, President of the St. Louis Federal Reserve, suggested the central bank might need to employ the “7% solution” to ensure the complete destruction of inflation. As we have discussed previously, the fear is repeating the policy errors of the late 1970s that led to entrenched inflation. While […] Source