Warning lights are flashing—gasoline is up 40%, home prices are surging, the labor market is tight, and supply disruptions are creating shortages. Inflation has doubled to a 13-year high of 5.3%.  Unless the Fed scales back monetary stimulus, the economy will move dangerously close to a treadmill of spiraling inflation.  To be clear, since the covid pandemic struck in early 2020 the Fed has done the … Continue reading Washington Must Cut Back on Stimulus