Fed's Frankenstein

"Look, it's moving! It's alive! It's alive!"
--Henry Frankenstein (Frankenstein)

WSJ article reports price increases in many sectors. Higher prices are evident both upstream and downstream in supply chains.

The accuracy of price indexes as currently measured is certainly debatable. But it is difficult to debate the general trend.

For reasons largely incomprehensible to the rational mind, the Fed has been hard at work trying to 'manufacture' inflation. The question is whether the central bank can control what it is creating.

Is the Fed creating its own Frankenstein?