Inflation... are you really surprised?
I am a little annoyed that everyone seems to be so very blindsided by inflation. Erm, we had loose money ever since the recently confirmed Mr. Powell has taken office, and that was when the economy was strong. Nevermind non-stop fiscal stimulus even during an upturn. Nevermind Fed aiding and abetting during economic upswings. Nevermind a low interest rate promoting an overvalued stock market. Hoorah to Jay Powell for accommodating the federal deficit at all costs. It all monetizes in the wash, I suppose Needless monetary stimulus plus unprecedented fiscal stimulus = inflation? Mind blown.