Inflation “Going To Be A B!#ch” To Get Under Control, Analyst Warns | Wolf Richter

Wealthion - Be Financially Resilient · Dec 14, 2021 · 48m

Inflation is really starting to bite. The latest Consumer Price Index -- or CPI -- was released last week, coming out at 6.8%, the highest inflation rate the US has seen in 40 years. Households pinched by these higher prices are asking: When will this stop? Not anytime soon, says macro analyst Wolf Richter, who just issued a report warning that getting inflation under control from here will be a difficult and lengthy process -- especially as the process is being managed by "the most reckless Fed ever". The Federal Reserve, whose policies created today's runaway prices, is now suddenly…