The Unz Review:ㅤThe Fed Isn’t Fighting Inflation, It’s Fueling It, by Mike Whitney

The media would like to believe the Fed is doing everything in its power to fight inflation, but it’s not true. Yes, the Fed raised rates by 50 basis points in May and, yes, the Fed is trying to sound as “hawkish” as possible. But these things are designed to dupe the public not to reduce inflation. Let me explain. The current rate of inflation in the US is 8.6%, a 40-year high. At its