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South central kansas | Going to play devil's advocate, But why would a lowering of the federal funds rate stimulate inflation?.
Using the analogy of the 1970's economy(inflation and stagnation), as a good fit for these times may not be the correct analogy.
Perhaps a better analogy might be the japanese experience of the 1990's(deflation and stagnation), there is in my opinion, some very close similarities between the U.S economy of today and the Japanese economy of the early to mid 90's.
So in short, easing MAY NOT lead to runaway inflation. | |
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Inflation - planning for it
