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Powell’s benign view on inflation is getting pushback at the Fed, and elsewhere


CNBC/Jeff Cox

Repost from 8-31-2021

photo of Fed chairman presiding over virtual meeting of the FOMC

“In fact, a growing contingent within the Fed’s virtual halls is raising concern that the supply chain disruptions, burgeoning demand and shortages of labor and supplies could push the current trend well into 2022 and beyond.”

USAGOLD note: Monetary gridlock coming to a central bank near you …… FOMC meetings, as the photo shows, just aren’t what they used to be, and, for that matter, neither is the economy. Here is what an FOMC meeting looked like back in the day – same room, same table, different meeting altogether:

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