Remember, the experts say that EVERYTHING IS FINE and that lockdowns and trillion-dollar spending sprees will have zero affect on the financial wellbeing of our nation.

With that in mind:

On Wednesday, The Federal Reserve "considerably raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates," CNBC reported. "However, the central bank gave no indication as to when it will begin cutting back on its aggressive bond-buying program, though Fed Chairman Jerome Powell acknowledged that officials discussed the issue at the meeting."

The Fed said interest rates might rise after the 2022 midterms, accelerating their previous timeline.

"This is not what the market expected," James McCann, deputy chief economist at Aberdeen Standard Investments, told CNBC. "The Fed is now signaling that rates will need to rise sooner and faster, with their forecast suggesting two hikes in 2023. This change in stance jars a little with the Fed's recent claims that the recent spike in inflation is temporary."

I'm sure this will all work itself out with rainbows and sunshine.

CNBC reported earlier this week that Americans' fear of inflation hit an all-time record high as "the expectation is that the inflation rate will be up to 4% one year from now."

JPMorgan Chase CEO Jamie Dimon warned that there is a very high likelihood that the inflation will not be temporary as the Biden administration has been trying to claim it will be.

Economics and financial accountability are all subjective, right??