Inflation is just a fancy word for redistributing wealth from savers to debtors. The slow response was likely intentional: https://www.cbsnews.com/news/fed-ch

Inflation is just a fancy word for redistributing wealth from savers to debtors. The slow response was likely intentional: https://www.cbsnews.com/news/fed-chair-jerome-powell-on-economic-inequality-60-minutes-2019-06-02/ https://www.cbsnews.com/news/fed-chair-jerome-powell-on-econ...