See article below. Warnings are going out that central banks across the globe will not always be able to control inflation.
Hmmmm. No one knows, still, how national economies work. There are theories that come into vogue that explain what is going on at the moment they are published. That's for sure.
Econo-girl is reminded of the Army Corps of Engineers trying to reroute the Mississippi River. How well did that work? Remember, the Fed only controls the interest rate charged to banks. Yes, it trickles down to all of us. But they don't control prices or inventories. And they don't control what we buy.