First published by Money Metals Exchange here:
https://www.moneymetals.com/news/2022/08/30/fed-admits-it-cant-tame-inflation-002584
Federal Reserve chairman Jerome Powell is talking tough and warning of more interest rate pain to come. At the same time, Fed officials are now admitting that their sized-up rate hikes won't even be sufficient to tame the price inflation they have helped create.
