It's

 

never fixed inflation before 

(Interest rates below the rate of inflation)

 so why are they going to stop well short of what it takes to fix it now?

Discerning minds wanna know. 

Actually?

We already do know.

Fed's Harker bemoans 'disappointing' inflation progress: 'We are going to keep raising rates for a while'

"Fed officials have penciled in around a 4.6% stopping point for rate rises by next year, but some policy makers and outside forecasters believe a higher rate will be needed given the persistence of inflation."

(It's not its persistence, it's the fact that you have to get interest rates above it and we just cant do it. They are going to try and walk a tight rope of trying to lower inflation some and not defaulting on the interest payment on the national debt by stopping raising interest rates at 4.6% and they are gonna fail on both counts.

We have never beat inflation without interest rates above the rate of inflation and everybody at the Fed knows it so WHY would they stop at 4.6%?

Because they know what happens and they think they can straddle that tightrope and hope for the best on both counts.

Good luck.

In the words of Jamie Dimon:

"Brace yourselves."

Or?

Look at it this way:

"I always go back to: Why would we believe that the people who made the decisions to put us in this situation we find ourselves in now, why would they also be the same people who would be able to get us out of the position that they put us in?"

WHAT HAPPENS IF THE U.S. DOLLAR LOSES RESERVE CURRENCY STATUS? The CEO of Relai brings up some important considerations for the possibility that the U.S. dollar fails to maintain its status of world reserve currency.

Come riddle me that one somebody...

anybody?

The answer is pretty obvious,

They cant.

And everything between now and total world wide economic collapse is just like Peter Schiff said, "We are just rearranging deck chairs on the titanic at this point."