Federal Reserve Delivers Bad News About Expectations For Inflation, Raising Interest Rates: Report

The Federal Reserve has significantly increased its expectations for inflation this year following massive government spending from Democrat President Joe Biden.

On Wednesday, The Federal Reserve “considerably raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates,” CNBC reported. “However, the central bank gave no indication as to when it will begin cutting back on its aggressive bond-buying program, though Fed Chairman Jerome Powell acknowledged that officials discussed the issue at the meeting.”