Tuesday, April 13, 2021

Federal Reserve Board Chairman Powell Has His Head in the Sand

 As a follow up to the recently released government price index numbers, John Hopkins economist Steve Hanke, who follows price inflation rates around the world, gets it right:

US producer prices are soaring—March showed the largest YoY spike in PPI in 9.5 yrs. Yet, Fed Chairman Powell still has his head in the sand. He is a  “see no inflation, hear no inflation, speak no inflation” kind of guy.


1 comment:

  1. Eventually Hanke will be making his usual recommendation of a currency board to stabilize the U.S. dollar...oh, wait...I guess not.