In an environment with too much money, of course corporations are going to have high profit margins! But those profits will also go back into the economy in the form of purchases or capital or hiring or etc. All of which will drive inflation.
In an inflationary environment, the kind we haven't had for 40 years (when the report mysteriously ends), profits are always going to look good because you are buying inputs at a lower price level than you are selling the outputs for.
And when there is so much money in the economy, you will be raising prices just to keep products on the shelves. And making input costs drop (because of the massive supply side economic interventions) will only leave more money in the economy. Consumer spending is already at an all-time high - we're at new price levels given the quantity of money and there's no pressure to start dropping prices.
> The findings come as the Federal Reserve has hiked interest rates to their highest point in 20 years. The report casts serious doubt on the need for further interest rate hikes, and instead calls for stronger policies to rein in “corporate profiteering”.
Instead of solving the fundamental problems, how about we play a never-ending game of whack-a-mole?
Inflation was a solved problem 40 years. Prices are just a function of how much money is chasing after how many goods. It's always a money supply issue. But we did such a good job of fighting it for so long that we have an entire generation of economists and experts who have had an entire career without ever having to account for inflation.