Is the Fed buying this more demand driven account of inflation? Because as you just said, inflation has spread across a broader swath of the economy to become broader. So they may recognize the supply side issues, but don't believe that central banks can do anything about it.
Featuring historian Tim Barker on the state of monetary politics amid the current fight over inflation.
Check out my July 2021 interview with Barker if you want a more expansive primer on inflation thedigradio.com/podcast/inflation-politics-with-tim-barker
Support The Dig at Patreon.com/TheDig
Check out our brilliant newsletter and vast archives at thedigradio.com