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Fed Sits On Its Hands As Inflation Keeps Hanging

The Hill · first seen 5d ago · 2 outlets
Federal Reserve Bank Building (36344p)

Are you KIDDING me? The Hill reports the Federal Reserve held interest rates steady Wednesday, and inflation, which The Hill says remains stubborn, apparently didn't get the memo to leave. The Federal Open Market Committee voted 10-2 to keep rates right where they are. RedState notes this came just days before the midterms.

Now, a 10-2 vote means two folks in that room looked at the situation and said no. RedState reports not everyone agrees with the call, and the sources don't say why those two dissented. But I can tell you my grocery bill dissented a long time ago, with feeling.

The barn's on fire and they're holding a meeting about the smoke. Ten of them voted to keep holding it.

I gave you the brand. The whole hide is over here:

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