Fed Action, Once Again, Way Too Little & Way Too Late

The Fed’s shockingly irresponsible Monetary Policy is responsible for most of the inflation problem.

At its May 4 meeting, the Fed decided to raise the Federal Funds rate by half a percentage point, or 50 basis points (BPS). That’s the largest single rate hike in 22 years. This raises the fed funds rate to the 1% range. Considering inflation is running at an 8.5% annual…