Inflation Is Back—And the Fed’s Marching Orders Come Straight from the Treasury

The Real Agenda Behind Rising Inflation and a Compliant Fed In August, consumer prices jumped again. CPI clocked in at 2.9% year-over-year, and the so-called “core” inflation, which ignores your grocery bill and gas tank, hit 3.1%. But instead of tightening the monetary screws, the Federal Reserve is preparing to cut interest rates. Why? Because they’re not in the business of protecting your purchasing power. They’re in the business of keeping the regime solvent. Let’s get something straight: the Federal Reserve’s “dual mandate”—price stability and maximum employment—is a fraud. What they really care about is making sure the federal government can keep borrowing at rock-bottom rates, no matter how much it spends or how much it debases the currency. And…