Making Sense Eurodollar University Inflation and the Fed Who Cried Wolf

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Making Sense Eurodollar University Inflation and the Fed Who Cried Wolf

Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski, an angry man of advanced age. Artwork by David Parkins.

Federal Reserve officials are promoting the notion the central bank will allow inflation to run. Run free. And hot! A Bloomberg opinion column called it "a whole new ballgame". We've heard this story before. Not only from the Fed but as children. We knew it then as, "The Boy Who Cried Wolf".
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