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How These 3 Avoidable Mistakes by the U.S. Federal Reserve Worsened Inflation

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The Federal Reserve made avoidable blunders in recent months that exacerbated inflation. A number of economists and officials, including several voting members of the Federal Open Market Committee, believe this. Some FOMC members urged for an end to the exceptional amounts of monetary and fiscal stimulus offered during the pandemic in the spring. To battle rising costs, the central bank must now hike interest rates quickly, potentially hurting economic growth in the United States. The Federal Reserve was asked for comment but is now under a media blackout ahead of the expected rate announcement later today.

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