https://finance.yahoo.com/news/st-louis-fed-bullard-inflation-broader-204913783.html
St. Louis Fed’s Bullard: Inflation ‘broader, more persistent’ than originally thought
“Inflation is broader and more persistent than many have thought and the Fed will have to act in order to keep inflation under control and we’ve got a plan in place,” Bullard told Yahoo Finance in an exclusive interview on Wednesday.
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They had plan , really
https://finance.yahoo.com/news/inflation-decline-delayed-due-to-corporate-pricing-power-ing-202814849.html
Inflation decline to be delayed due to high corporate pricing power: ING report
“Businesses retain the ability to pass higher costs onto their customers and this will keep inflation sticky,” Knightly wrote in a report released Tuesday. “Ongoing supply chain issues and rising fuel costs mean 2% inflation is a distant prospect.”
Bill Gates, Jeff Bezos, Mark Zuckerberg, and Richard Branson are bankrolling an artificial breast milk variant that could further damage the baby formula industry.
Al Arabiya reported: “BIOMILQ is aiming to create human milk-producing cells in much the same way that some companies are producing lab-grown meat…The North Carolina-based startup received a $3.5 million investment from Breakthrough Energy Ventures, a fund started by Bill Gates, The Times reported in June 2020. Breakthrough Energy’s board members include Amazon CEO Jeff Bezos, Facebook’s Mark Zuckerberg, and Virgin founder Richard Branson. BIOMILQ’s team is working on producing artificial human milk by using human breast tissue and milk donated by local women. These donors then get a gift card for the department store Target in return.”