Fighting Inflation: Do the Fed and Other Central Banks Really Believe in Inflationary Risk?

Central bankers try to pull the wool over our eyes with words rather than acting on rates.

Not everyone pays close attention to the announcements of central bankers. I understand that completely. For those who would like an ultra-condensed summary of the latest statements from Fed or ECB members, it might look like this:

“Inflation is likely to wipe out everything in its path, we need to act fast and hard.”

This might scare you if you are an in…