Comments by "DrScopeify" (@drscopeify) on "Fed will hold rates steady to fight persistent inflation, economist says" video.

COVID inflation is a number of forces not just the FED, like any central bank they only have so much say. It is due to large numbers of Americans retiring early, baby boomers who re-evaluated their time on this planet running out and deciding to retire early which has raised the price of manpower, the rising cost of fuel after COVID, the shortages on things like electronics, the trade war with China, cost of logistics going up, people out sick from work and Americans demanding to work from home, and on top of all that the 5 trillion of Stimmy checks that Trump and Biden both issued and the FED did act slowly to fight inflation after 20 years of low inflation they were just not fast enough to identify the risk but all central banks around the world were slow, although Brazil and New Zealand did act before the FED so good on them.
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