The Fed is Dead

Its interest rate hikes are hurting consumers and workers while bypassing the main source of inflation

My friends,

The Fed is meeting today. Tomorrow, presumably, it will raise interest rates again in its continuing attempt to stem inflation by slowing the economy.

But the Fed’s rate hikes aren’t working. Despite seven straight increases in just nine months, totaling a whopping 4.25 percentage points — a pace not seen since the Fed’s inflation fight in the…