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Federal Reserve Is 'Gaslighting The Public,' Warns Expert As Richmond Fed President Says 'Inflation Expectations Have Loosened, Not De-Anchored'

Economist Craig Shapiro has said that the Federal Reserve has been “gaslighting the public,” after the President of the Federal Reserve Bank of Richmond, Tom Barkin said Thursday that inflation is not “de-anchored”.

What Happened: Barkin, while speaking to the reporters after his speech on Thursday, acknowledged that the U.S. economy has been through a significant inflationary period.

"That means the expectations have been loosened—not de-anchored, loosened—for both price setters and price receivers,” he added.

Reacting to this, Shapiro, a macro strategist at the Bear Traps Report, said, “Federal Reserve trying out a new word to continue gaslighting the public into the idea that inflation expectations are still well-anchored.”

BARKIN: INFLATION EXPECTATIONS HAVE LOOSENED, NOT DE-ANCHORED@federalreserve trying out a new word to continue gaslighting the public into the idea that inflation expectations are still "well-anchored."Don't believe your lying ...