MSNBC Andrea Mitchell Reports January 25, 2022 17:26:00
Heard for many months was this is transitory, it's inflation will end. but now it certainly is more deeply rooted. did they underestimate the impact of the covid relief and how that was still in the pipeline and not fully circulating through the economy? >> i think that's a good way to put it. i think what happened is the pandemic was originally seen as an issue for consumeder mand and overall economic activity. so, what happened is both the trump administration, later the biden administration and the federal reserve essentially flooded the zone with cash. they put as much out there as they po...
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