The Inflation Dragon Is Breathing Fire

By Dusan Kostic @ Adobe Stock

You know, recently appointed Federal Reserve Chairman Kevin Warsh has indicated that he wants to slay inflation, or in his own words, “restore price stability.” Today’s CPI report showed that inflation is still a fire-breathing dragon. The report wasn’t a surprise, as it coincided closely with what analysts had predicted, but it was an acceleration of inflation, suggesting that perhaps Fed policy isn’t doing enough to tamp down price increases.

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