Toothless Fed

According to this article from CNN Money, published Thursday 22 June, the Federal Reserve's ability to control the host of things that are driving inflation higher is rather limited.

The one thing economists agree on is that the Fed's main policy tool - raising rates - won't do much to curb any of the causes of inflation, especially in the short term, it says.

"Can the Fed put the inflation genie back in the bottle? Here are the factors that are pushing core inflation readings high enough to ma