IT’S POWELL VS. BIDEN AND THE WINNER IS …..
There is bad news coming from the battlefront. No, not the Ukraine-Russian front lines, where things seem to be going better than expected, at least for now. But from the battle between the Fed and the President. The Federal Reserve Board, fighting inflation, is hurling its fraction-of-one-per cent interest rate increases against the President’s trillions in new spending and loan forgiveness, and the inflationary effects of new restrictions on the development of the nation’s oil reserves. The result is an inflation rate that has investors rattled and consumers hurting.