Fed Aims to Rein in Biden Inflation by Inflicting More Pain for Consumers

(Headline USA) For months, Federal Reserve Chair Jerome Powell responded to surging inflation by counseling patience and stressing that the Fed wanted to see unemployment return to near-pre-pandemic levels before it would raise interest rates. That proved to be a serious miscalculation as Democrats incentivized joblessness through overly generous welfare benefits and later through authoritarian […] More