The Fed's Plan to Keep Inflation Under Control

The national debt is just spiraling out of control. How is there any hope that you're going to get inflation under control? The Fed can't possibly hike rates enough to break the back of inflation all it can do is break the economy which in fact it's already done but hasn't shown up officially yet. We have this lull before the storm because the government rushed in with this rescue and bailed out these banks and bailed out the compositors, he says.