This Chart Shows How The Fed Fiddles On Inflation While The Middle Class Burns | The Wall Street Examiner

``If you selected [Core Consumer Goods PPI], or [none of the above] because you think they are all too low, then you must also conclude that the Fed is behind the curve in tightening credit. We won't even broach the subject of the charade of pretending to raise interest rates. How does a producer of a good, in this case, cash, raise its price when it has massively oversupplied the market with that good. As far as I know, if the Law of Supply applies, then the only way to do that is to reduce the supply of the good. And the only way for the Fed to do that is to start shedding assets from its balance sheet to extinguish the excess supply of cash on bank balance sheets. The Fed hasn't started serious trial balloons on that thought yet, so it is not serious about raising rates or tightening credit. That means that the Fed will get even further behind the curve as time goes on.''