Imagine standing on the deck of a ship, gazing across deceptively calm waters, while deep below the surface, cracks split the hull. That’s precisely where the U.S. economy finds itself—and the Fed knows it. On Wednesday, the Federal Reserve held its federal funds rate steady at 4.25–4.5%. But don’t be fooled by the inaction. The central bank’s statement, dressed in bureaucratic prose, hinted at a storm gathering strength just beyond the horizon. “The risks of higher unemployment and higher inflation have risen.” Translation? Stagflation—the Fed’s worst nightmare—is back on the table. What the Fed Isn’t Saying—But Knows Here’s the part they won’t broadcast from the Eccles Building: the first quarter GDP dropped by 0.3%. They’ve brushed it off, blaming “imports”…
Continue reading as a Citizen
Dedollarize News is free to read for signed-up members. Become a Citizen to finish this article, save what matters, and get the daily “While You Were Distracted” briefing.
No credit card required.
