Submitted by [deleted] t3_11dhxdb in explainlikeimfive
DragonBank t1_ja8sjw9 wrote
Reply to comment by Dampware in Eli5: What does it mean when Fed "raises interest rates"? by [deleted]
Money supply and money demand(which is loosely what prices are.) are linked but not a perfect ratio, such that a 10% increase in supply won't perfectly follow with a 10% increase in demand.
Current inflation being "weird" is because there are many simultaneous causes here. Covid money isn't the only or primary one.
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