Soaring prices draw both shrugs and screaming in Washington

Photo caption: Amid concerns of the spread of Covid-19, a shopper wears a mask as she looks over meat products at a grocery store in Dallas on April 29, 2020. | LM Otero / AP Photo. Article by Ben White and Victoria Guida. Politico – June 10, 2021.

A continued inflation spike could make it a lot harder for the president to push through trillions of dollars in additional federal spending.

The White House says it’s not concerned. The Federal Reserve is showing no alarm. Bond investors are chill.

But with consumer prices soaring at the fastest pace in more than a decade, some economists are joining Republicans in arguing that it’s time to drop the nonchalant attitude and start seriously worrying about inflation taking hold and possibly crushing the economic recovery from Covid-19. […]

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