The Fed's Shockingly Irresponsible Interest Rate Pause

For the second consecutive meeting, the Federal Reserve has decided to hold interest rates constant. Just as it did in 2021, the Fed’s monetary policy is shockingly irresponsible. Despite inflation increasing from 3% to 3.7% from June to September, the Fed reasoned that interest rates were high enough. Some in the investment community believed the Fed might lower interest rates. That would have been more than shockingly irresponsible. __________ Already, inflation is becoming embedded in the economy, mostly because the Fed eased up far too soon. __________ In 2021, the...