Federal Reserve Chairman Jerome Powell reiterated last week that he expects inflation to show a temporary move higher then settle back to around the central bank’s 2% target.
The fed is full of shit. Every commodity price is extreme right now and the food price increase is just around the corner. I've seen reports from importers that 40-60% increases are likely across the board. Not surprising when corn and soy are both double the price they were in 2019. These high prices aren't going to magically go away, this is true hyperinflation.
>Federal Reserve Chairman Jerome Powell reiterated last week that he expects inflation to show a temporary move higher then settle back to around the central bank’s 2% target.
The fed is full of shit. Every commodity price is extreme right now and the food price increase is just around the corner. I've seen reports from importers that 40-60% increases are likely across the board. Not surprising when corn and soy are both double the price they were in 2019. These high prices aren't going to magically go away, this is true hyperinflation.
The fed is full of shit. Every commodity price is extreme right now and the food price increase is just around the corner. I've seen reports from importers that 40-60% increases are likely across the board. Not surprising when corn and soy are both double the price they were in 2019. These high prices aren't going to magically go away, this is true hyperinflation.