Ron Insana: Don't Blame the Fed for the 'Panflation' Plaguing the Economy Because of the Pandemic - NewsBreak

It's becoming increasingly clear that the current economic environment in which we find ourselves defies conventional description. It is most assuredly not a normal business cycle recovery nor are the inflationary pressures pushing up consumer and producer prices the product of a demand-driven overheating economy that leads to production bottlenecks, and subsequent wage and price hikes typical of late-cycle behavior.