Once again the FED proves it can't be trusted
On Wednesday, the Federal Reserve Board’s Open Market Committee (FOMC) raised its federal funds rate by 75 basis points — the third consecutive month the Fed has raised the rate by 75 points.
But the Fed admitted that its policies weren’t doing anything to slow inflation and promised more big rate increases in the future. The FOMC said its goal was to raise the federal funds rate to 4.40 percent by the end of the year before maxing out at 4.6 percent next year.
The Federal Reserve Has Some Very Bad News for Biden and the Democrats