As Inflation Rises Dangerously, The Fed Chooses To Continue Its Head-in-the-Sand Policy

This will be a rude awakening for the world economy.

Image: Hedgeye

Inflation continues to rise month after month. The Fed and the other major global central banks may claim that this increase in inflation is temporary, but we can feel a change in their discourse as their presidents speak.

A few weeks ago, the Fed and the European Central Bank were explaining that inflation was a distant danger.

Now, faced w…