Think corporate greed is the leading cause of inflation? Think again

Research from the Federal Reserve Bank of San Francisco challenges the notion that corporate greed, or "greedflation," was a primary driver of the inflation surge from 2021 to 2022. The study found that while some sectors saw increased markups, overall corporate price gouging was not the main cause of inflation. This finding contradicts claims by some progressives, including President Joe Biden, who have attributed rising prices to corporate greed and have called for action against such practices. Despite these findings, the debate continues, with varying opinions on the impact of corporate profits on inflation.