Jay Powell recently admitted that that Fed just learned how much it didn’t know about inflation, a stunning admission by the head of the most powerful central bank in the world. I hate to break it to Mr. Powell, but it wasn’t that difficult to know what to expect from trillions of dollars of monetary and fiscal stimulus that began long before the pande…
Keep reading with a 7-day free trial
Subscribe to
The Credit Strategist
to keep reading this post and get 7 days of free access to the full post archives.