Last month, CNBC surveyed 41 Chief Financial Officers (CFOs) from many large publicly traded and private companies and the survey data was shocking!
Many of the CFOs, the majority, no longer trust the Federal Reserve Bank to be able to control inflation!
Corporate America lacks faith in the Fed to control inflation as prices peak: Survey https://www.cnbc.com/2021/06/28/corpo...
CEOs and CFOs from large companies like Costco, General Mills, Constellation Brands and many others are also criticizing the Fed and the CPI saying that inflation is not just "transitory" and it could last for much longer than the Fed, Wall Street and PhD Economists claim.
Costco disagrees with the Federal Reserve on the future of inflation https://finance.yahoo.com/news/costco...
General Mills is the latest company to face a big inflation hit https://www.cnbc.com/2021/07/01/gener... Food and beverage giants sound inflation alarm https://www.foxbusiness.com/markets/i...
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Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.