Fed a "major culprit" in commodity inflation

A prominent US economist has blamed Federal Reserve policy for the surge in commodity prices.

"The evidence suggests that the Federal Reserve is a major culprit in the commodity inflation story," Steve Hanke, a professor of applied economics at Johns Hopkins University, told US lawmakers on Wednesday. "But you wouldn't know it from reading the press or listening to officialdom and the political chattering classes. This isn't surprising. After all, economic history is written, to a large exten

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: