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Read the runes – Inflation is showing some staying power

BloombergOpinion/John Authers/10-5-2021

photgraph of scattered viking runes

“Persistent price pressures would be a severe test for the Fed, just as shifting politics raise questions over its future leadership.”

USAGOLD note: Reading the runes, it seems that deep within the data, as presented by Authers, economists are finding reason to be concerned about persistent (or cyclical) inflation. And too, we need to keep in mind that Fed chairman Powell’s reappointment took a turn for the worse over the past week. graphic image of a book and reading glasses A Good Weekend ReadThough considered a dove, he falls more toward the middle of the pack on the Fed’s Board of Governors. His chief opponent, Lael Brainard, is the second most dovish board member behind Neel Kashkari. ……


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