Update on inflation

After inflating the price of bonds, stocks and real estate, central bank policy is now inflating consumer product prices thanks to excess money. But there is now a "policy bias" tension between the FED and ECB - something we didn't have over the past decade. The former has been given a mandate to fight inflation again to help President Biden avert a disaster at the Mid Term elections, while the latter is still fanning inflation and keeping interest rates at zero in order to reduce its debt burden. While most experts talked the USD down for months, a stronger USD could emerge. President Biden is shifting to the centre in order to lure back moderates. After years of fanning inflation a new role for central banks. And they are now been held on a "shorter leash" than in past years. Less central bank independence means more deficit spending in the long run. In the short term though governments can fight inflation by overreacting to the new Covid variants this coming winter. But the geopolitical-structural problem "energy" won't go away. Europe sits in the trap.