Oil Shock, AI Boom Complicate Fed’s Path, Vice Chair Jefferson Says - SchiffGold.com
Oil Shock, AI Boom Complicate Fed’s Path, Vice Chair Jefferson Says - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
The Fed spent two decades telling you inflation was transitory while printing $9 trillion, and now wants credit for calling oil shocks and AI electricity demand "complicating factors." WTI is up 10.79% in a month while 2,000 ships sit stranded in the Gulf and the Strait of Hormuz runs at partial capacity — that's not a complication, that's the bill for monetary recklessness coming due in the form of supply chains that don't work.