Inflation cpi is now 6.8% according to the consumer price index. Can Jerome Powell use resources at the fed to stop inflation? Are we in stagflation now? Inflation rose at a rate not seen in decades. The last time inflation grew this rapid was during the stagflation crisis in 1982 due to oil shortages. With oil now at 58.1% inflation are we going to have another oil supply shock? How can inflation be stopped? Is the fed really going to taper and raise interest rates or will they have to go to negative rates to print more money into the economy? Will the federal reserve ever get back to their long term inflation target of 2%?