Inflation Scapegoating—Don’t Forget the REAL Cause!

Inflation Scapegoating—Don’t Forget the REAL Cause!
Consumers blaming inflation on Federal Reserve Chairman Jerome Powell. Source: Jerry King
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Commentary

Though he has—at last—recently acknowledged that high inflation isn’t quite so “transitory” after all, Federal Reserve Chairman Jerome Powell nonetheless still blames pretty much everybody but himself for the most rapid rate of producer and consumer price increases in 40 years. As I have quipped often, he has become adept at deflecting blame for these high prices HE is the proximate cause of onto any real or perceived bogey man.

Chris Temple
Chris Temple
Author
Chris Temple has set himself apart with his unique ability to make the intricacies of the markets and our world understandable to the average person, chiefly via his newsletter The National Investor.  With over five decades in the financial and investment world, his commentary has appeared in Barron’s, Forbes, Investors’ Digest, among other publications. To discover how to get his proprietary research in the paid newsletter service, go to The National Investor.
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