Financial markets have long anticipated that the Federal Reserve would temporarily halt the raising of interest rates, as various measures of inflation are down by almost half of what they were a year ago.
Unfortunately, however, our central bank remains in thrall to its wrong-headed notion that the only way to fight inflation is by hurting the economy and putting people out of work. The Fed is hinting that inflation isn’t falling fast enough.
This segment of What’s Ahead warns that hard times are ahead because the Fed still doesn’t understand inflation and the Biden Administration is pursuing policies that are seriously damaging the economy.
Read the full article here
