What does "consumer pushback" even mean? How does one "vote with your dollar" in a captured market? Does Bloomberg think "protests" are going to do anything except feed the culture wars by giving fodder to news media outlets' spin doctors?
Example: Food price inflation is not something one can choose to accept or reject, you have to eat regardless. When all the grocery stores and farmer's markets (and everything in between) all have relatively similar if not equal pricing on the most basics one needs (fresh veggies and fruit), there's no choice, not even an illusion of choice.
This article misses the point completely - we depend on our elected officials to rid us of inflation, but unfortunately they've become victim to regulatory capture, or worse - political pressure.
JPowell is a terrible central banker, regardless of what happens going forward. It's not all Biden's fault, either, no matter what the media wants anyone to think.
We are all to blame for inflation: we just got addicted to cheap money, and were not willing to vote for longer term economic health, the politicians just gave us what we wanted.
If we were more conservative with our monetary policy, then we could have prepared better for the next stress event. At least we could stop things from getting crazy (e.g. the housing market). We've basically forgotten the 90s already.
Food security is at the top of a short list on what causes unrest, historically speaking.
Its beyond being just stupid, but lets be clear, these people are really stupid psychopaths seeking profit, and they have the pull to do it until they don't.
Coercion and Compulsion are intolerable acts and parties have gotten started for these things before (1767-1776)