[quote=socrattt]
Only in a perfect world could you control rates that way. We are on the brink of inflation and the FED is well aware of it. I am willing to bet a good amount that hyper inflation kicks in before we hit 5% unemployment. That’s just not feasible in this sort of climate that rates could remain where they are. That said, anything could happen. I have been looking out my window all morning in search of flying pigs. Obama and the gang seem to have ability to pull off just about anything.[/quote]
Possibility/probability of hyper inflation is debatable. Only time will tell. But if you read my post, their mandate is price stability (1st) at the lowest unemployment (2nd). So, they’ll fight price stability before they’ll fight unemployment. If hyper inflation kicks in, price stability would be their problem and they’ll fight that first and foremost.
