Editorial, includes “The Labor Department’s consumer price index surged 5% year-over-year in May, the largest increase since August 2008 when oil was $140 a barrel. But don’t worry, Americans. The Federal Reserve says inflation is ‘transitory’ and that it has the tools to control prices if they start to spiral out of control. Let us pray. … What Congress has given in relief payments, inflation is taking away. …”
Read the full article on: The Wall Street Journal