“We have got some very big and unwanted price changes,” he said
There are vocal concerns that the underlying tendencies are an indication that this is going to be much more persistent, and is in the process of getting embedded in the economy, amid altered consumer behavior documented by their willingness and ability to pay whatever amid enormous fiscal and monetary stimulus. And tightening – or rather the removal of monetary stimulus, as central bankers will emphasize – is coming faster than previously expected. One of the biggest money printers, the Bank of Japan, has already stopped printing money
End of Easy Money: Bank of England Talks Tightening amid “Altered Consumer Behavior,” Visions of Persistent Inflation | Wolf Street