Ah, the Federal Reserve Board of Governors is expressing satisfaction that its goal of a "moderate" increase in inflation has finally arrived! Get ready for more, as it is not really moderate, and much higher costs are on the way, for food, housing, medical care, transportation, all to save a system which is imploding under the weight of unpayable debt of all kinds.
Harley Schlanger's work can be found at The LaRouche Organization and The Schiller Institute.