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Last month, CNBC surveyed 41 Chief Financial Officers (CFOs) from many large publicly traded and private companies and the survey data was shocking!
Many of the CFOs, the majority, no longer trust the Federal Reserve Bank to be able to control inflation!
Corporate America lacks faith in the Fed to control inflation as prices peak: Survey https://www.cnbc.com/2021/06/28/corporate-america-lacks-faith-in-the-fed-to-control-inflation.html
CEOs and CFOs from large companies like Costco, General Mills, Constellation Brands and many others are also criticizing the Fed and the CPI saying that inflation is not just "transitory" and it could last for much longer than the Fed, Wall Street and PhD Economists claim.
Costco disagrees with the Federal Reserve on the future of inflation https://finance.yahoo.com/news/costco-disagrees-with-the-federal-reserve-on-the-future-of-inflation-103738080.html
General Mills is the latest company to face a big inflation hit https://www.cnbc.com/2021/07/01/general-mills-is-finding-that-inflation-isnt-magically-delicious.html
Food and beverage giants sound inflation alarm https://www.foxbusiness.com/markets/inflation-food-beverage-giants-sound-alarm.amp
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