Analysts at the St

Analysts at the St. Louis Fed apparently just woke up from a 5-year slumber and 'discovered' why inflation in the US isn't rising despite the Fed's easy money policies. Sometimes I read articles like the one linked below and I wonder how some 'economists' are still employed at prestigious institutions such as the Fed. So the St. Louis Fed has solved one of the great mysteries of why US inflation is under 2% and it's because American consumers are focused on saving money and paying off debt. Really guys? There was a significant amount of debt overhang left over from before the financial crisis, not to mention a substantial loss of personal wealth. It doesn't take a quantum physicist to guess what would happen next. This article goes to show how many people, even in the industry, don't have a grasp of basic macroeconomics. (VIEW LINK)