Powell Still Sees Inflation Drop

By Danielle DiMartino Booth of Money Strong

Former Advisor, Federal Reserve Bank of Dallas • Dec 1, 2021 at 12:11 PM EST

I believe the Fed is behind the curve. Chair Powell has acknowledged that. When you inject 42.3% of GDP of cash into the economy, of course it is going to cause massive inflation.

I do believe the Fed is behind the curve. Chair Powell has acknowledged that. When you inject 42.3% of GDP of cash into the economy, of course it is going to cause massive inflation.

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