the most important fed meetings in recent memory. that s because for the first time in a long time, the united states is dealing with elevated inflation. and this sticker shock is getting worse and it s squeezing everyday american families. now the high cost of living is certainly weighing on the president s poll numbers. but it s really the federal reserve, not the white house, that s responsible for maintaining price stability. and right now, there s anything but price stability. the fed has come under fire from critics because for months, the chairman, jerome powell, he said that inflation was just going to be a temporary problem. he infamously called it transitory. now powell has since said it s probably a good time to retire the phrase transitory, but that doesn t stop an economist from recently saying the fed, quote, probably made the worst inflation call in the history of the federal reserve. new numbers out this week show that producer prices were up by nearly 10% from a year a
inflation under control is pass this their $3 trillion bill. inflation in the past got so bad the fed had to slam the breaks on the money supply, robert, you may remember, we had a gut-wrenching recession that threw millions out of work. sandra: that is a risk. robert, you are saying they are not to blame unless they refuse to change the strategy. a former obama academyist has a solution, he says it, here is his words, listen. the characterization of inflation is transitory, probably the worst inflation call in the history of the federal reserve. it results in high probability of a policy mistake. the fed must quickly, starting this week, regain control of the