And why should anyone believe the Fed? Inflation has been soaring, yet the Fed has been completely dismissive of it, claiming that inflation is 'transitory', i.e. it's a temporary phenomenon that will eventually stop.
"The Fed Has Lost Control" - Peter Schiff Warns Tucker Carlson About Skyrocketing Prices & The Inflation Tax
Following the latest hot inflationary print, more investors are becoming skeptical of the Fed's view that inflationary pressures are "transitory".