And her failure to appreciate the scale of the price inflation problem was not just a case of being “wrong.” She was unable to see the worst inflation in 40 years when it was standing right in front of her.
She’s a miserable failure.
Seems to me like you're just saying you're right and they're stupid without acknowledging the state of things
If ever there were a case of 20:20 hindsight, that's one of them.
The only ones who didn’t get it are in the present administration.
Most of the executives quoted said inflation was an issue, but that they thought they would be able to raise prices to match (ie we’re going to do our part to make it persistent).
Edit: A very important article. Basically the academic center-left consensus was 100% wrong, and everyone else was right.
>“Will inflation be transitory? There are many reasons that the peaks we’ll see at the moment will be. But what’s the longer-term trend? That, I think, everyone will be keenly watching. We think the jury is out.” — Jane Fraser, chief executive of Citigroup
His role, in public at least, is to try to spin the D econ failure of the day in the way Wall Street might barely find plausible. Again, seems like a good and sharp person, but not an unbiased observer, and certainly not a CEO dealing with inflation issues in their business.
You can disagree with how that is done, sure, but that's meaningless to the discussion.
Officially, we aren't in one.
Claiming otherwise is like me saying you are guilty of a crime before you are found guilty of a crime.