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Ray Bod
Bloomberg Television
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Comments by "Ray Bod" (@raybod1775) on "Fed's Harker Doesn't See Inflation Running Out of Control" video.
I'm 63 years old and never seen transitory inflation. Once inflation gets a hold in the economy, it continues to get worse until interest rates rise dramatically.
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@salperalta916 100 years ago $20 bought an ounce of gold. When I first started working minimum wage was $1.60 an hour. That should tell you there's always inflation. Prices seem to be doubling about every 30 years. Inflation is probably faster now with government spending going up by trillions of dollars every year.
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