An ominous sign about today's high inflation environment, and quite clearly the Federal Reserve is behind the hiking curve, is a contact close with the Fed complaining about out-of-control golf membership prices. Yes, you heard that correctly. Federal Reserve Bank of Philadelphia President Patrick Harker's speech cited "one of our contacts," presumably a Wall Street banker or corporate elite, complained about the "whopping membership fee increases at his golf club." Harker said the contact even "suggested it may be a good time to play at your local muni instead" of a private course. As Matt Taibbi of TK News notes, ... (full story)