Wonder Land: Joe Biden says House Republicans are ‘fiscally demented.’ There must be a word for the mega-trillions he’s spent in two years. Images: AFP/Getty Images Composite: Mark KellyThe Federal Open Market Committee raised interest rates again on Wednesday, this time by 25 basis points, and financial markets were thrilled. Go figure.
We’ll admit to being puzzled by this market exuberance. Mr. Powell couldn’t have been clearer in his post-meeting press conference that he thinks inflation remains a problem and that the Fed is a long way from done. “We have more work to do,” he said. Inflation “remains too high.”
Source: Financial Digest (financialdigest.net)
opinion abolish the fed
opinion You should clearly establish who is profiting from inflation, which can be inferred from the pattern of interference in the country's economy where there is no unpredictability. There will only be one focus to follow. Inflation only exists because someone is profiting from it.
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