A post by @DeItaone on X.

GLJ Research's Gordon Johnson criticized the Federal Reserve for expanding its balance sheet while simultaneously claiming to combat inflation, arguing the policy stance is fueling price pressures. The rebuke followed October CPI data showing headline inflation rose 0.4% and core prices climbed 0.3%, the third straight month core readings came in at or above 0.3%. Johnson's comments add to a growing debate over whether the Fed's liquidity operations are undermining its tightening efforts as inflation proves sticky. The October figures reinforce concerns that core inflation is settling at a pace inconsistent with the Fed's 2% target. Investors will watch upcoming Fed balance-sheet data and the next CPI print for signs of whether policy divergence persists.