Bidenomics = High mortgage rates, high inflation rates, collapsed banks, expensive groceries, record high rent, and dwindling retirement accounts.
The Federal Reserve on Wednesday paused rate hikes. The Fed kept the benchmark rate in the range of 5.25% to 5.50%.
“We’re prepared to raise rates further, if appropriate, and we intend to hold policy at a restrictive level until we’re confident that inflation is moving down sustainably toward our objective,” Chairman Jerome Powell told reporters on Wednesday. Despite what Jerome Powell said, inflation is not cooling. The Biden Regime relies on lies and voodoo math when it rolls out its latest inflation reports.