I think that the Fed action will exacerbate the problem, because I think that the cause of the inflation isn’t demand pull, but price push caused by the predatory practices by big oil and other sectors that are increasing prices using the excuse of inflation. Some of those companies have not just record profit numbers but record numbers that are (large) multiples of prior profits.
Alas, Biden cannot fix that: It needs legislative action and we know how likely THAT is.
I think that the Fed action will exacerbate the problem, because I think that the cause of the inflation isn’t demand pull, but price push caused by the predatory practices by big oil and other sectors that are increasing prices using the excuse of inflation. Some of those companies have not just record profit numbers but record numbers that are (large) multiples of prior profits.
Alas, Biden cannot fix that: It needs legislative action and we know how likely THAT is.