“It will only be temporary,” Federal Reserve Chair Jerome Powell will assure the nation in a speech today, and thus no reason to change the course of $120 billion/month QE, zero interest and onward to “zero carbon.” Even the miserably contorted Consumer Price Index is now up 2.6% for the year and 0.4% in March alone. The Producer Price Index shows 4% inflation from a year earlier. U.S. home prices are 11% higher and currently growing at a 20% annual rate (lumber costs are up 60%). Import prices are up 6.9% in a year, export prices up 9.1%, by official indices.