Author of the best-selling book Rich Dad Poor Dad has some doubts as to whether the current Federal Reserve chair can reign in inflation.
As we wrote last week, the Federal Reserve and, more broadly, the Biden Administration are in quite the monetary bind. With inflation running above 8% and federal debt to GDP at 125% (surpassing the previous record in the 1940s), the only options seem to be: recession, default, or more inflation.
