3 ms·

Since 2008 "not understanding inflation" was his (as well as Yellen's and Bernanke's) job description... They were printing money like there's no tomorrow, but

• lesuorac 4y ago
  Not too sure anybody in 2008 predicted that it would cause above average inflation _but_ not until 2022... But if you told some economist that there would be a reduction in supply they'd predict either a decrease in demand or an increase in price.
  • digisign 4y ago
    There's been incredible inflation in a few areas combined with modest inflation in other areas for decades.
• aNoob7000 4y ago
  I personally think that the FED is doing the best they can right now. Did they keep interest rate low for too long? Yes. But who could have envisioned a pandemic and then the supply/demand shock after it.
  • 988747 4y ago
    Even before pandemic there were many reasons to end "Quantitive Easing" policy, but FED failed to do their job here.
• cyanydeez 4y ago
  The fed don't have the tools to manage inflation correctly. Congress needs to be taxing all the profit taking resulting from all the tax reductions.