CNBC/Carlos Waters/5-2-2022
“The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep inflation high.”
USAGOLD note: Too, as Waters points at the end of this article, this inflation might be to a large extent beyond the power of the Fed to control. Thus, it could be fighting an inflation it cannot control while unleashing a recession it might find equally intractable.
