Corporate greed not to blame for price pressures, Fed study shows
https://www.yahoo.com/news/corporate-greed-not-blame-price-170311634.html
U.S. President Joe Biden has blamed corporate greed for still-elevated prices, accusing companies of boosting profits by shrinking portion sizes but leaving the selling price unchanged, and by failing to pass on falling costs to consumers.
Fed policymakers, and many economists, say the inflation surge can be better explained by the combined effect of supply chain disruptions and a drop in labor supply during the post-pandemic recovery that occurred just as consumer demand rose.