Inflation Hits the Big Leagues

Jay Powell expresses concern over inflation, noting that it has exceeded 2% for a prolonged period. He suggests adapting policies to prevent entrenched inflation. The transcript highlights inflation's impact on sports, with Steven Cohen's investment in the New York Mets and high-value contracts for players like Max Scherzer. It also discusses the inflationary trend in coaching contracts, citing examples like Brian Kelly and Lincoln Riley, who received lucrative offers. The transcript concludes with skepticism about controlling such inflation.

What implications does the text suggest about the relationship between sports investments and inflation?

What does Brian Kelly's situation reveal about the current state of college football coaching salaries?