CNBC/Kayla Tausche/2-3-2022
“More than a dozen economists, current and former administration officials, and former Fed officials — requesting anonymity to speak candidly about private discussions — point to a confluence of issues, including heavy Fed influence across the administration, overreliance on traditional forecasting, the political pressure to spend big, and a lack of urgency in deciding who would run the Federal Reserve and carry out its mission of managing inflation.”
USAGOLD note: That covers every catalyst except the real cause – very large federal deficits covered by very large quantities of printing press money. Now those chickens are coming home to roost. This article has all the appearances of an attempt to whitewash the role played by Congress and the White House in the current inflationary spiral. By saying that, we are not attempting to excuse the Fed’s role in the inflationary debacle.
