Atlanta Federal Reserve President Raphael Bostic took the stage in Frankfurt to deliver a carefully scripted confession: tariffs and “geopolitical developments” are going to keep inflation elevated beyond what any “standard textbook” predicts. In plain English: prices aren’t coming down anytime soon, and they damn well know it.
Instead of calling it what it is—a prolonged assault on your savings—Bostic framed it as a mere byproduct of trade policy. He insisted this wasn’t a one-time spike in costs but rather a drawn-out inflationary slog that could last “a year or more.”
That’s convenient timing, given the upcoming expiration of Trump’s 90-day tariff pause. Treasury Secretary Scott Bessent is already bragging about “a flurry of deals” that will supposedly fix everything. Don’t hold your breath—every deal seems to end with more price hikes and fewer dollars in your pocket.
You’ll notice a pattern here: whenever the Fed wants to avoid taking action, they invoke the fog machine of “uncertainty.” Bostic parroted Powell’s line that this is “no time for significant shifts in monetary policy.”
Translation: we’re not cutting rates, we’re not helping you, and we’re going to let inflation burn a hole through your wallet while we deliberate in our marble halls.
Richmond Fed President Tom Barkin trotted out his favorite metaphor again, likening monetary policy to “driving through fog.” Here’s the real metaphor: they’re driving through fog because they smashed out the headlights themselves, then blamed the weather.
Don’t forget: the Fed already signaled they would have continued cutting rates if tariffs hadn’t popped up as a convenient scapegoat. Powell outright admitted it, saying, “We went on hold when we saw the size of the tariffs.”
Yet somehow, inflation reports from March through May showed prices drifting just above the Fed’s arbitrary 2% target—until, predictably, firms started “delaying price increases” to disguise the real impact. Once the final tariff rates lock in, you can bet those price hikes will slam consumers like a wrecking ball.
While you juggle ballooning grocery bills and stagnant wages, the Fed gets to polish its reputation for “prudence.” It’s a rigged game: they print the money, devalue it, and then act like you should thank them for their discipline.
Before you let another central banker tell you your poverty is an unfortunate accident, get informed. Download Seven Steps to Protect Yourself from Bank Failure by Bill Brocius. It’s your survival guide to outmaneuvering the institutions engineering your decline.
Because when inflation is the plan, your compliance is the real currency they’re after.
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