Coca-Cola (KO), Proctor and Gamble (PG) and others have discussed raising prices in response to rising input costs for their products including both labor and materials and that's the kind of permanent, long-term inflation that the Fed simply cannot ignore. "Transitory" inflation has been the Fed's excuse for extending their easy-money policy because the Fed's own mandate REQUIRES them to take action to curb inflation but major corporations announcing price increases is not at all transitory – it's embedded, long-term inflation.
As you can see from the ShadowStats chart above, the Fed mainly controls inflation by chaning the way we measure inflation – something they have done since they started messing with the CPI in the Reagan years in order to pretend giving money to rich people wasn't making poor people suffer. That's why, for the last few years – even though you CLEARLY could tell the price of things you buy were going up, the Fed kept saying inlfation was low and they had to let rich people borrow money at 0% to help boost it.
IN PROGRESS
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