Is the Fed Blind? They Think Higher Prices Are Transitory

In today’s show, you will learn why the Fed thinks inflation is transitory, why the Fed is conducting an operational readiness test of its Reverse Repurchase Program as demand for RRP is blowing up, what the preliminary manufacturing PMIs say about the global manufacturing sector, why energy stock prices fell despite a large crude oil draw, and why the Money Multiplier suggests the Fed will be right on its transitory inflation call.