Absolutely shocking!

The man who is most responsible for printing trillions of dollars is telling us that inflation just might last a bit longer:

Global supply-chain constraints and shortages that have led to elevated inflation “are likely to last longer than previously expected, likely well into next year,” Powell said, while adding that “it is still the most likely case” that as those constraints ease.

From early 2020 to late 2022, a full-time minimum wage worker in America and Canada will have his real income cut by 25% or more. Buying a house was a dream. Now, renting a one-bedroom apartment is going to be tough for low-wage workers. Inflation is a hidden tax but it's really insidious for the poor.