The Fed's Discount Rate Increases Aren't Going to Stop Inflation Until 2022

Federal reserve chairman jerome powell announced the fed would increase the discount rate to one point nine % by the end of 20 22. The issue here is that the discount rate is still near historic lows. There's no easy way to stop inflation now, and there certainly isn't any political will to do so. All right, another thursday episode done and dusted. If you're getting something out of this, please let us know.