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by Tyler Durden Wednesday, May 12, 2021 - 09:27 AM While we, like everyone else, were shocked by the strongest core CPI print since 1981 when as a reminder, the Volcker Fed was engaged in a nightmarish fight with non-transitory inflation, pushing the Fed Funds rate as high as 20%, we were quick to note that the Fed is focused on jobs, not inflation which is transitory , and today s blistering inflation print - where used car prices accounted for a third of the jump - does not change delayed tapering. At least when viewed from the Fed s skewed perspective. Remember, Fed is focused on jobs, not inflation which is transitory

Richard claridaNational association for business economics onVolcker fedFed fundsVice chairNational associationBusiness economicsதேசிய சங்கம் க்கு வணிக பொருளாதாரம் ஆன்ஊட்டி நிதிதுணை நாற்காலிதேசிய சங்கம்வணிக பொருளாதாரம்