It is great for those with hard assets, it is TERRIBLE for the working poor.

Funny how many of the same people that claim to want to help the poor (democrats) have no problem with high inflation

Inflation is great for people in massive debt, or hold assets, and the rich

Inflation is terrible for savers, responsible people living with in their means, poor that pay cash for everything, etc etc.

And they are still claiming government spending trillions is not the cause, and will not create new inflation..

So no, I dont believe they have acknowledged the problem at all, nor are they really going to address is. Sure the fed says they will wind down their buying, and signaled they might raise interest rates VERY VERY VERY minimally, they are acting as if demand caused by supply chain issues is the root cause

It is not