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On Inflation Surge, the Fed is Running Out of Excuses
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Every time the Federal Reserve comes up with an excuse for raging inflation and why it won’t last, the data knock it back down.
Inflation hasn’t turned out to be temporary and has accelerated, reaching the highest in a single month since January 1990. It is high even when measured against pre-pandemic prices, so this isn’t merely catch-up for the deflation of last spring. It is no longer merely about a narrow set of Covid-disrupted supply chains, or demand for used cars and other popular items.
Read more on wsj.comAbout this in other media
Biden picks Jerome Powell to lead the Fed for a second term as the U.S. battles Covid and inflation cnbc.com /2 years ago
Why Japan Appears Immune to Global Inflation Surge, So Far wsj.com /2 years ago
Inflation surge and labour market boom may spur UK rate hike, warns economist theguardian.com /2 years ago
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