Can anything tame the inflation beast now that it's at a 40-year high? Steve Hanke

Headline CPI climbed to 7% in December 2021, the highest level since 1982, according to data released Wednesday by the U.S. Bureau of Labor Statistics.
Steve Hanke, professor of applied economics at Johns Hopkins University told David Lin, anchor for Kitco News, that inflation will likely remain elevated until 2024, after which the Federal Reserve will have to focus on reducing the money supply.

Outlook 2022

Outlook 2022
The global economy is still far from normal. Even as it continues to recover from the COVID-19 pandemic, 2022 will be a year filled with uncertainty. The Federal Reserve is on the cusp of tightening its monetary policy, however many economists and market analysts expect the U.S. central bank to remain well behind the inflation curve. This means real rates will remain low – a positive environment for gold. A slowing global economy also means that investors might have to navigate the rising risk of stagflation – but there is more than the gold story to be told. The green energy transition could create new opportunities for silver and PGM metals. Stay tuned to Kitco News to learn about what is in store for 2022.

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.