We’ve been told for months that inflation is low and there is no reason to be concerned, in spite of massive government money printing and open-ended “stimulus”. Then comes this acknowledgement:
“Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions in government stimulus spending.”
You don’t say? I’ve been saying this for quite a while, but I am a brain-injured idiot (and in this case) with relevant experience. I make observations and ask stupid questions.