Political Hypocrisy on Inflation Lets Fed Escape Blame – Ep 707

    • Fed triples its estimated duration of transitory inflation.
    • Republicans have no credibility to criticize government spending and money printing.
    • Fed vows to make the rich richer and the poor poorer by focusing on employment rather than inflation.
    • Jerome Powell refuses to acknowledge whether being paid more to not work discourages employment.
    • Republicans won’t put blame on the Fed, because they benefit more from blaming the Democrats.
    • Maxine Waters praises Jerome Powell on his irresponsible leadership.

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