Past Policy Boxes the Federal Reserve InWhile the United States Federal Reserve raises interest rates to tame inflation the U.S. government continues to spend fueling inflation.
https://www.zerohedge.com/political/watch-rand-paul-slams-emasculated-republicans-accepting-bloated-spending-bill
The U.S. government is a debtor client of the Federal Reserve that they cannot control. As a result U.S. government spending counters Federal Reserve efforts to slay inflatioin.
The Federal Reserve can either slay inflation or prop up their bankrupt U.S. government debtor that is at a debt to GDP ratio of about 125
Bankrupt the government or return to quantative easing (monetary expansion) to allow a stealth inflationary tax on people?
History and pragmatics tell us which way the Fed will go.
Hang on to your gold or gold shares.