and specifically, Putin's war in Ukraine. Note that Russia is not immune to inflation either, and their rate well above average too, without the full effect of a European shift in energy sourcing hitting it yet.
Back in Feb/Mar when this all began, a large majority here in the U.S. understood...at least in their minds...that there would be a price to pay for opposing Putin...inflation is part of that price.
Link: https://www.federalreserve.gov/econres/notes/feds-notes/the-effect-of-the-war-in-ukraine-on-global-activity-and-inflation-20220527.htm
According to the Fed's Board of Governors, the key term is "Geopolitical Risk" (see link)
Replies to: "According to the Fed's Board of Governors, the key term is "Geopolitical Risk" (see link)"
- Checking on Biden's repeated inflation claims vis a vis the rest of the world. [LINK]
- TakethetrainKnute - 10:39am 7/1/22
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- Is anyone surprised that he lied? Anyone? [NT] - BaronVonZemo - 4:13pm 7/1/22
- According to the Fed's Board of Governors, the key term is "Geopolitical Risk" (see link) [LINK]
- TyroneIrish - 1:07pm 7/1/22
- Oh, for Pete;s sake. You blow more smoke than a 1980 Mt. St. Helens. - TakethetrainKnute - 1:47pm 7/1/22
- Are you disagreeing with the Fed BOG's take on inflation? [NT]
- TyroneIrish - 2:37pm 7/1/22
- Unintentionally hilarious take there, Tyrone. - Iggle - 4:23pm 7/1/22
- At least take a look at their charts in the link I provided...all the verbiage is a bit much, I - TyroneIrish - 7:55pm 7/1/22
- Unintentionally hilarious take there, Tyrone. - Iggle - 4:23pm 7/1/22
- Are you disagreeing with the Fed BOG's take on inflation? [NT]
- TyroneIrish - 2:37pm 7/1/22
- Oh, for Pete;s sake. You blow more smoke than a 1980 Mt. St. Helens. - TakethetrainKnute - 1:47pm 7/1/22
- So...7 countries with higher inflation, 12 with lower - but all with inflation - Chris94 - 11:59am 7/1/22
- Mr. Whataboutism himself [NT] - WoodstockIrish - 7:25am 7/2/22
- Heh. Some of those with "lower inflation" have 2% inflation...what the Fed thinks is healthy. - NedoftheHill - 1:11pm 7/1/22
- Eurozone inflation: 8.6% [NT] - Chris94 - 5:55pm 7/1/22
- So to be clear, you're a-okay with the lies. [NT] - iairishcheeks - 12:27pm 7/1/22
- Are we still in the "transitory" period? Will that period going to be all 4 years? [NT] - TampaIrish - 11:26am 7/1/22