What Fed Chair Powell said about the relationship between profit margins and inflation 💸

Inflation has yet to cool as profit margins hold up 🤨

Fed Chair Jerome Powell. (Source: YouTube / Federal Reserve)

As we discussed in the March 9 TKer, profit margins are becoming a key controversial issue in the inflation discourse.

The narrative goes like this: Supply chain disruptions related to the pandemic led to shortages and forced the costs of goods to rise. Corporations passed these higher costs to …