Fed Chair Powell's statement proves our fatally flawed economics.
When one dissects the short comment from Federal Reserve Chairman Jerome Powell, it is clear his interest rate hikes force the working class to pay for the gouging and ineptitude of the corporatocracy.
The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.
The skinny
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