Price Inflation - What Is It About the Current Situation?

Inflation began with a tighp labor market. Then it eventually rose to what was called stag flation, and yet the inflation persisted. The ironic part of it is that powell's recent speech, especially yesterday, showed that he sounds like an inflation hawk. Even in the 19 seventies, when price inflation was running close to ten %,. Even then, it was with very rare lapses. And now federal reserve chairman powell is hupped here talking about how much he's worried about price infilation.