Episode 22 It's the Fed, Stupid

Summary:In response to rising prices, Federal Reserve Chairman Jay Powell says the Fed will speed up the slowdown in purchasing assets. Huh? Of course, even if the Fed ceased today, we’d have a massive problem on our hands thanks to the tsunami of money loosed upon the economy in the past two years. But don’t count on that promise to stop inflating in March – at least not for very long.Links:Fed Chair Jerome Powell holds a press conference following FOMC meetingFed Chair Jerome Powell Press Conference Transcript December 15M1 Money Supply (FRED)Jerome Powell Speaks and the Markets Are Very WorriedCrying Wolf on (Hyper)Inflation?Additional Reading:It’s the Fed, StupidThe Theory of Money and CreditFree Gift from Tom:Download a free copy of Tom's new e-book, It’s the Fed, Stupid, at itsthefedstupid.com.It’s also available in paperback. Get a few copies for friends who need deprogramming or even just a few laughs.Like the music on Tom Mullen Talks Freedom? You can hear more attommullensings.com!