Powell, Yellen Say They Underestimated Inflation And Supply Snarls (M1 Money Grew At 369% With Rates Near Zero Since COVID And They Didn’t See Inflation Coming???)

https://confoundedinterest.net/2021/12/02/powell-yellen-say-they-underestimated-inflation-and-supply-snarls-m1-money-grew-at-369-with-rates-near-zero-since-covid-and-they-didnt-see-inflation-coming/

The Dream Team (Fed Chair Jay Powell and Treasury Secretary Janet Yellen) just can’t believe that inflation struck even after M1 Money Stock increased by 369% from March 2020 to today while interest rates remained near zero

==

Let the finger pointing begin