April CPI came in at 4.2% today! The Federal reserve likes 2% or less!

There is all together too much cash roiling around the world (especially US) economy. The Fed has "covered" nearly $8 Trillion (Big T!) in notes and bonds that reflect a lot of greenbacks out there to chase prices up!

That $4T (big T) in new Biden largesse is going to explode demand pulls. Boundless cash chasing a finite stock of good and services.

The politics is: keep tossing money. The Fed will do a Paul Volcker and stop buying bonds, drive up interest rates and slow the non Biden largesse economy.

Being a retired Boomer I hope you all do as "well" I did in the 1970's.......