Did the Fed Stop Reporting the Money Supply (M2)? Why Inflation is Coming Back
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Jay Powell, Fed Chairman
Reports are circulating that the Federal Reserve has given up on reporting the money supply because it’s a misleading guide to economic growth and price inflation.
The broad-based M2 has been growing at double-digit-percentage rates for several years M2 is up by 25% in the past year yet price inflation (Consumer Price Index) is still hobbling along at 2% a year.
Last week, Fed Chairman Jay Powell said he has given up on the money supply as an indicator of the economy and inflation.
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Pledge Powers Generosity in Virtual Events; Launches PledgeCam to Advance Virtual Fundraising with Telethon-Like Interaction
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Adds $3 million to seed funding on heels of 150,000+ virtual events and expects to hit $100 million in total donations; Pledge broadens reach with new product, new partners and a new name People have a stronger desire than ever to align themselves with mission-driven organizations, to push for social responsibility, and to affect change that matters to them. We make it easy to turn that intention into action, powering generosity across all of today’s digital and virtual platforms. VENICE, Calif. (PRWEB) March 16, 2021
Pledge, the innovative fundraising platform that makes it easy for businesses, nonprofits and individuals to make a positive impact in their communities, formerly known as Pledgeling, today announced it has added $3 million in seed funding led by Maven Ventur