Oct 2, 2021
6 min read
The Fed is Lying to Us
High inflation is here to stay.
In a recent FOMC Press Conference on September 22, the chair of the Federal Reserve (the Fed), Jerome Powell, reiterated the Fed’s targets of full employment and inflation of 2%.
Powell acknowledged that the inflation rate has been elevated, blaming it on supply chain bottlenecks. He also stated that the Fed has tools to address higher than…
