How The Federal Reserve Keeps Stoking Inflation

How The Federal Reserve Keeps Stoking Inflation

The inflation tax that working families face under the Biden presidency has many root causes. But one of the biggest involves an individual most Americans have not heard of: Jerome Powell, chairman of the Federal Reserve Bank.

Just as inflation has reached a 30-year-high of 6.2 percent—more than three times the Fed’s inflation target of 2 percent—the central bank keeps on printing more money, and plans to continue doing so for many months more. Powell’s insouciant “What, me worry?” approach to “fighting” inflation has drawn increasing criticism from surprising quarters, yet Biden may reappoint Powell to a second stint as Fed chairman when his current term expires in February.

With progressive groups and lawmakers like Sen. Elizabeth Warren, D-Massachusetts, pushing for Biden to dump Powell,

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