Addressing inflation when it shows up instead of claiming baselessly that it's transitory would have been much easier than what they're trying to do now. There

Addressing inflation when it shows up instead of claiming baselessly that it's transitory would have been much easier than what they're trying to do now. There is an argument that what the Fed does is mostly irrelevant anyway until the supply chain problems are fixed. Volcker may have done the right thing back in 1981, and he may have been aided greatly by The oil shock being completely absorbed by higher efficiency and more production