*POWELL: PEOPLE FEELING EFFECT OF HIGH PRICES NOT HIGH INFLATION
What’s the difference 🤒🤡
*POWELL: PEOPLE FEELING EFFECT OF HIGH PRICES NOT HIGH INFLATION
What’s the difference 🤒🤡
He’s right. Inflation is expansion of money supply with credit currency. Prices were up because of supply chains and oil prices after Covid more than because of expansion of monetary units.
