Politicians and the media are blaming businesses for inflation when, in fact, the skyrocketing prices of nearly everything have a government stamp on them.
The FOMC's publicly stated predictions of its own future behavior are essentially useless as accurate predictors of future events. This has been illustrated over and over.
At current interest rates, the Fed’s operating losses will impact the federal budget for years, requiring new tax revenues to offset the continuing loss of billions of dollars in the Fed’s former remittances to the US Treasury.
