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home / news releases / TYBS - The Fed's Policy Shift To Let Inflation Rip Higher Is Deeply Flawed


TYBS - The Fed's Policy Shift To Let Inflation Rip Higher Is Deeply Flawed

By Simon Constable

At the end of last month, Federal Reserve chairman Jerome Powell announced a shift in one of its decades-long policy goals. It's a move that should worry investors and workers alike. Here's what happened and why it's a problem:

At the Fed's annual Jackson Hole symposium, Powell said that instead of targeting an annualized inflation rate of 2%, the institution would allow the rise in the cost of living to go above that rate for long periods. The idea, Powell explained, was to take account of long periods when inflation had remained

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Stock Information

Company Name: Direxion Daily 20+ Year Treasury Bear 1X Shares Direxion Shares ETF Trust
Stock Symbol: TYBS
Market: NYSE

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