Fed week talking points: Is the Fed part of the complacent consensus on inflation?
Tuesday 22 June 2021 – Vol.12 Ed.25.2
Commentary: The Fed’s dangerous experiment
By Juan Castañeda and Tim Congdon
Consumer prices in the US rose by 5% in the year to May 2021, according to the Bureau of Labor Statistics. As a significant talking point for financial markets and policy-makers, inflation is back. The Institute of International Monetary Research has been warning about inflation risks since March 2020,...