R&I – FS
Analysis by Zachary B. Wolf, CNN
Updated 7:00 PM ET, Mon November 22, 2021
(CNN)The inflation narrative is largely set. The coronavirus pandemic created supply chain snarls. It put production out of whack. As demand has roared back following Covid-19 lockdowns, prices have soared.
But there’s a big problem with that narrative: It may not be the whole story.
As The Wall Street Journal reported last week, corporate America is helping fuel the inflation madness in order to make more money.
“Executives are seizing a once in a generation opportunity to raise prices to match and in some cases outpace their own higher expenses, after decades of grinding down costs and prices,” write Kristin Broughton and Theo Francis.
Continued
Carl Sagan
Article URL : https://www.cnn.com/2021/11/22/politics/inflation-biden-federal-reserve-what-matters/index.html