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Stubborn inflation hawks ignore past decade of history when warning about QE dangers [Financial Post (Toronto, Ontario, Canada)]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
Company Research Source: Financial Post
Stubborn inflation hawks ignore past decade of history when warning about QE dangers Kevin Carmichael: Rapid inflation is a theoretical threat several years from now, while deflation is a danger that is staring us in the face There is no critic more discredited today than the inflation hawk. This breed of economic observer predicted disaster when the U.S. Federal Reserve started “printing money” in March 2009 to fight the Great Recession. “I am 100 per cent sure the U.S. will go into hyperinflation,” Marc Faber, a Swiss investor known for his Gloom Boom & Doom newsletter, said at the time. It never happened. The U.S. Consumer Price Index increased only 1.8 per cent per year, on average, between 2010 and 2019, less than the Fed’s target of two per cent. Similar experiences played out in Japan, the eurozone and the United Kingdom, where central banks also created vast amounts of money to purchase financial assets, an interest-rate-suppression strategy known as quantitative easing, or QE Show less Read more
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