Artist Nelson Saiers installs his latest "Cheap Money No. 2" sculpture at “The Wall Street Bull” in response to the U.S. Federal Reserve's actions & inflation on December 07, 2021 in New York City. Photo by Eugene Gologursky/Getty Images for Nelson Saiers
Inflation has skyrocketed, and aggressive monetary policy is the key factor in understanding it. I already explained it in my article “The Myth of Cost-Push Inflation.” The Federal Reserve has finally recognized this and has made a U-turn to its policy of keeping buybacks and rates low.
