Can FED control inflation?

The Wall Street Journal's write-up on the Fed's decision and Powell's presser: "Mr. Powell pointed to strong household balance sheets and consumer demand in deflecting concerns about the possibility of a recession within the next year." 

Powell must be kidding. Here's the reality…

• Only 41% of American adults say they have enough savings to cover an unexpected expense of $500 or more, per a recent Bankrate survey

• Fully 64% of American families are living paycheck to paycheck, per a recent LendingClub survey. Even among those earning six figures, it's 48%

• February retail sales as measured by the Census Bureau fell way short of expectations once one factors out vehicles and gasoline.

With a Fed so out of touch with reality, do you really think they can control hyperinflation? 

DON'T BE FOOLED!