Will inflation rise in the US? That is the expectation of investors. Is it due to the Federal Reserve’s monetary policy? You bet. But, economist Luis Arroyo concludes, eggs end up broken when making an omelette. Or when a central bank stimulates employment.
Economist Luis Arroyo tells his colleagues not to feel outraged because the Federal Reserve’s latest monetary policies make an expansionary impact on European markets, too. It is unavoidable.