[Opinion] Inflation Here To Stay?

Reason

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Independent: Reason Foundation

Inflation Here To Stay?

Is this Bidenomics? "We're taking advantage of the fact that we have moved quickly to move a little more carefully now," Federal Reserve Chair Jerome Powell told a gaggle of reporters yesterday in reference to the Fed's decision not to hike interest rates further. Rates are currently hovering at 5.25–5.5 percent, and the Federal Reserve has, for the past 18 months, been aggressive with raising them in an attempt to cool runaway inflation. But ye…