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Inflation stalks the US economy


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The biblical prophets chastised the people for having eyes but not seeing and for having ears but not hearing. When it comes to inflation, the Federal Reserve might be chastised in the same way. Despite the many anecdotes suggesting that inflation is on the rise, the Fed does not seem to listen. Similarly, despite the many clues in plain sight now pointing to a marked acceleration in inflation later this year, the Fed seems to be turning a blind eye.   
The Fed is certainly not listening to Warren Buffet. At a recent Berkshire Hathaway meeting, Buffet warned his investors that his company was seeing a red-hot economy and substantial inflationary pressure. While noting that everybody now seemed to be raising prices, he drew particular attention to the rapid price increases for steel, lumber and other building materials. ....

Milton Friedman , Berkshire Hathaway , Congressional Budget Office , Federal Reserve , Saint Louis Federal Reserve , மில்டன் ப்ரைட்மேன் , பெர்க்ஷயர் ஹாத்வே , காங்கிரஸ் பட்ஜெட் அலுவலகம் , கூட்டாட்சியின் இருப்பு , துறவி லூயிஸ் கூட்டாட்சியின் இருப்பு ,