Inflation Worries

 Seeing media stories about the possibility of inflation.  Apparently the Biden administration is not worrying, nor is the Fed.  

I understand the logic--prices may rise for food and gas, but the underlying trend may not be above the Fed's target for long. And the rise in wages for restaurant and food service workers is good; it helps the lowest paid. 

But my cynicism is up today.  I'm worried about people on fixed incomes--the retired--will be disproportionately affected by the inflation that occurs. And worried that people vote more on the basis of what they've lost than what they have gained, meaning Democrats in 2022 will lose more elderly votes than they gain from the wage gainers.