It has already been “extraordinarily elevated” because the money supply has been “extraordinarily elevated. This is accelerating inflation. That’s going to be

It has already been “extraordinarily elevated” because the money supply has been “extraordinarily elevated. This is accelerating inflation. That’s going to be a problem. They can call it the Putin price hike all they like but the invasion only made the situation worse. This is 100% poor monetary policy and a Fed that is painted into a corner. Buckle up.