The Federal Reserve kept interest rates frozen this week at a range of 4.25% to 4.5%, marking its third straight meeting of standing still while inflation continues to erode American purchasing power. Chair Jerome Powell stood behind the same tired refrain—“uncertainty,” “patience,” “solid footing”—but behind the platitudes lies a far uglier truth: the Fed is cornered, and so is your money. This isn’t monetary policy. This is crisis management by stalling. Smoke Signals from a Central Bank in Panic Don’t be fooled by Powell’s calm tone. The Fed isn’t projecting confidence—it’s projecting fear. With inflation still hovering above their mythical 2% “target” and signs of economic slowdown flashing in multiple sectors, Powell admitted that “risks of higher unemployment and higher…
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