Macro Policy Errors and the 2021 Inflation Shock

MY TAKE: How did the Fed get it so wrong on inflation?
https://thehill.com/opinion/finance/581582-how-did-the-fed-get-it-so-wrong-on-inflation
 
On inflation, it’s past time for team ‘transitory’ to stand down by Larry Summers
https://www.washingtonpost.com/opinions/2021/11/15/inflation-its-past-time-team-transitory-stand-down/
 
How America’s Pandemic Economic Response Fought the Last War by Neil Irwin
https://www.nytimes.com/2021/11/15/upshot/pandemic-economic-response.html

Inflation Set to Spoil Holidays for Struggling U.S. Families
https://www.bloomberg.com/news/articles/2021-11-16/inflation-set-to-spoil-holidays-for-struggling-u-s-families

On Inflation Surge, the Fed Is Running Out of Excuses
https://www.wsj.com/articles/on-inflation-surge-the-fed-is-running-out-of-excuses-11636820294

Why Should Economists Dislike Higher Inflation?
https://www.bloomberg.com/opinion/articles/2021-11-16/higher-inflation-why-do-economists-dislike-it-so-much

US Consumer Demand Remains Strong:
U.S. Retail Sales Jump by Most Since March, Topping Forecasts
https://www.bloomberg.com/news/articles/2021-11-16/u-s-retail-sales-jump-by-most-since-march-topping-forecasts