The Fed Is Facing a Raging Inflation Problem

The fed may be faced with a raging inflation problem it has to clamp down on, but it doesn't know that yet. The huge commodity price pike could just as well to lower growth and recession. Powell needs to figure out what exactly economic problem he's fighting before he can tell markets how he's going to fight it. Things are dramatically different this time around. We this is the first a oil price spike. All of them before have led to recessions. This one, we are have an economic and oil balance of zero.