Inflation is bad now — but the Fed could return us to the bad old days of the ’70s - New York Post

Thursday’s dreadful consumer price index numbers show that inflation has been broad-based and not “transitory” as the Federal Reserve suggested.

So much for Federal Reserve Chairman Jerome Powells repeated assurances last year that inflation would prove to be but a transitory phenomenon. So much too for our hopes that it will be smooth sailin… [+4689 chars]

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