> If those are the principal drivers of inflation, tightening could depress non-energy demand in a way that causes a recession without alleviating inflation
You don't think the inflation has anything to do with printing $14 trillion out of thin air, or increasing the M1 money supply from ~4tn in march 2020 to over $20tn today?
You don't think the inflation has anything to do with printing $14 trillion out of thin air, or increasing the M1 money supply from ~4tn in march 2020 to over $20tn today?
https://www.covidmoneytracker.org/
https://fred.stlouisfed.org/series/M1SL