Inflation Is Officially Out of Control as It Becomes Obvious Federal Reserve Rate Hikes Have Had Little Effect to Bring It Down (

The Biden regime won’t admit it and neither will most Democrats because it would only add to their reputation of being unable to run a successful economy, but it’s pretty much official now: Inflation is out of control despite the fact that the Federal Reserve has been hiking rates to reverse price spikes.

Thanks to Democrat over-spending during the pandemic when the supply chain was busted and goods were in short supply, prices skyrocketed to reflect the lack of availability, and they’ve not come down very much at all.

Worse, other monetary assets are now being negatively affected as well.

“We saw a big selloff in the gold market last week and the price dropped below $2,000 an ounce. The catalyst for that selloff was tough talk from several Federal Reserve officials and an increasing expectation that the central bank will raise rates again in June,” noted this week.

“As Peter Schiff explained in his podcast, everybody thinks the Fed is going to win the inflation fight because it is going to be even tougher. In reality, they are talking tougher because they are losing the fight,” the site noted further.

In a statement on Thursday, Lorie Logan, the President of the Dallas Fed, expressed her concerns about “much too high” inflation, stating that it is not slowing down quickly enough to enable the Federal Reserve to consider pausing its campaign of interest rate hikes in June.


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Posted by Fed Up Canadian

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