RE:StagflationIndianSparrow wrote: Commodity inflation this time around is due to supply issues. Everyone knows that, including Jay Powell. Jay also knows that he cannot do squat about supply issues. So what does he do??. He starts jacking up interest rates to cause more pain to the average Joe because in his mind, he wants to destroy demand. But commodities are basic needs and average Joe needs to buy them prior to going out and having a good time spending on things like expensive toys and clothes. How does increasing interest rates control commodity inflation in today's scenario where the supply crunch is the only issue causing it. Jay Powell is either incompetent or pure evil.
Sparrow,
Check out root cause of inflation, it's the oversupply of money. Government's have turned on the money spigots, and have been spending money like drunken sailors. Apologies to drunken sailors.......at least they spend their own money.
"Supply issues" is the excuse the weasels in Congress are using. Any supply issues are in fact created separately by the same weasels, totally independent.
Best
S