Inflation Soaring, The Most Reckless Fed Ever

Trying to get this under control will be tough and will take a long time. Inflation doesn’t even react to monetary tightening for a year or more, and then only gradually. And tightening hasn’t even started yet. The Fed is still repressing interest rates and it’s still printing money – which positions it as likely the most reckless Fed ever. And this inflation isn’t going away under these circumstances.