Jay Powell Confirms the Fed Is Trapped and Can’t Stop Inflating

Today we will go over the Fed chairman’s press conference after the FOMC meeting yesterday. Not surprisingly for us, the U.S. central bank confirmed it cannot stop inflating in any moderate fashion despite announcing the beginning fo tapering over the next eight months.

Our conclusion is that inflation is far from over and the general public will be paying for it as the cost of living and prices of necessities will keep rising indefinitely.

See Also: (Maneco64) – Bank of England Wimps Out of Raising Rates by a Puny 0.1%

Today we will look at how the credibility of the Bank of England has been shot to pieces as it surprised the financial markets by not raising rates from almost zero to 0.2%. In our opinion, this decision by the Bank of England means the national currency or pound sterling will continue to be trashed by the monetary and fiscal powers that be.