Consumers aren’t worried about inflation … yet

Federal Reserve Chair Jerome Powell said yesterday that the Fed is seeing some inflation — but it’s likely transitory inflation caused by, in part, the uneven reopening of the economy. But if you’ve been tuned in to the news lately, you know inflation is a big story. So what do consumers make of prices shooting up but the Fed taking no action? On today’s show: How consumers are making sense of all this inflation talk. Also on the program: One study says automation is to blame for stagnating wages, how it works when a company’s CEO is also chairman of the board and how a Los Angeles taqueria pivoted to survive the pandemic.