# @peterschiff on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CzJWDgbOogs
- **Gondola URL:** https://gondola.cc/posts/9699765-peterschiff-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/106ef75f01.jpg
- **Posted:** 2023-11-02T13:52:27.000+00:00

## Caption

#Powell still claims that #inflation is a #function of consumer #expectations. Regardless of what #consumers expect, as long as excess #government #spending and #deficits continue, inflation will stay well above the Fed's 2% #target. Once the #Fed returns to #QE, it will rise much higher.

## Stats

- **Views:** 0
- **Likes:** 351
- **Shares:** 0
- **Comments:** 9

## Tags

consumers, inflation, government, target, expectations, powell, deficits, spending, fed, function, qe

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