By: Thomas Steffanci, PhD, Senior Portfolio Manager Source: Realinvestmentadvice.com Has the Federal Reserve (the “Fed”) caused the burst in inflation over the past year? Not Likely. While the Fed can influence money supply (M1) growth, they can’t control how fast it is spent. Money velocity measures how many times a dollar of money supply circulates. If M1 growth rises but it is saved (a...
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