Federal Reserve Must Raise Interest Rates Now: Inflation Psychology Is Building.
4 min readMay 22, 2021
Since January, inflation is about 6%. Now is the time for the Fed to act.
Since January, the inflation rate has been almost 6%. The rate has been around 2% or so for the last decade. The Federal Reserve (Fed) usually sets price stability as its primary goal, so you would think they would act. Every Fed chair always wants to…