E312 - The Fed Fears Americans Are Getting Used to Inflation
Published: October 13, 2026
Duration: 10:58
Americans have spent years watching prices rise. Now the Federal Reserve is worried consumers and businesses may simply begin assuming that higher inflation is permanent.
In Episode 312 of The Secret War on Cash, Dean Heskin and Chris Agelastos of Swiss America Trading examine Cleveland Fed President Beth Hammack’s warning about an “inflationary mindset.”
Hammack argues that smaller policy adjustments made relatively quickly can be preferable to waiting until inflation demands a much larger correction. Dean compares it to steering a ship: correct a small deviation early or face a much larger course change later.
But De...
In Episode 312 of The Secret War on Cash, Dean Heskin and Chris Agelastos of Swiss America Trading examine Cleveland Fed President Beth Hammack’s warning about an “inflationary mindset.”
Hammack argues that smaller policy adjustments made relatively quickly can be preferable to waiting until inflation demands a much larger correction. Dean compares it to steering a ship: correct a small deviation early or face a much larger course change later.
But De...