An unusually divided [Federal Reserve](https://www.cnbc.com/federal-reserve/) on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank.
In what may have been Chair [Jerome Powell](https://www.cnbc.com/jay-powell/)’s final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold the benchmark funds rate in a range between 3.5%-3.75%. Markets had been pricing in a 100% chance of no change.
What a charade. The Fed deliberately understates the true rate of inflation, then artificially suppresses interest rates as part of its War on Savers – and to force the retail investor muppets to seek yields in the stock market, where they can be fleeced at will by the Fed’s Wall Street & hedge fund accomplices.
YaklDakl on
the Fed is being asked to mop up a floor while the government is still leaving the faucet running
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An unusually divided [Federal Reserve](https://www.cnbc.com/federal-reserve/) on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank.
In what may have been Chair [Jerome Powell](https://www.cnbc.com/jay-powell/)’s final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold the benchmark funds rate in a range between 3.5%-3.75%. Markets had been pricing in a 100% chance of no change.
Read more: [https://cnb.cx/4t48fvu](https://cnb.cx/4t48fvu)
What a charade. The Fed deliberately understates the true rate of inflation, then artificially suppresses interest rates as part of its War on Savers – and to force the retail investor muppets to seek yields in the stock market, where they can be fleeced at will by the Fed’s Wall Street & hedge fund accomplices.
the Fed is being asked to mop up a floor while the government is still leaving the faucet running
Jerome “Always Late” Powell