Torching Fed credibility in the midst of an inflationary spiral—for obvious political reasons—does not strike me as particularly wise. We see this over and over again. Attempts to appease Trump do not work but have terrible consequences. Might our elites one day learn their lesson??
The Federal Reserve is expected to leave interest rates unchanged at its upcoming October meeting — even as higher energy costs complicate the inflation outlook and put additional pressure on household budgets. Read more: cnb.cx/4iH3RR1