The Federal Reserve's Threat to Inflation

The Federal Reserve held the federal funds rate at a quarter point for approximately a decade since the Great Recession. In 2022, they're going to start to hike the Fed funds rate very aggressively, a half point every time they have a meeting. It also makes it so that all of these T bills and these short term debt instruments that are held on all of these banking institutions, they are now bleeding all over the floor. The American people would not be living off of credit cards and having a trillion dollars a debt if it weren't for inflation.