Isn't it great that the people who got us into this mess are in charge of fixing the problem?

The Federal Reserve on Wednesday decided against what would have been an 11th consecutive interest rate increase as it measures what the impacts have been from the previous 10.

But the decision by the Federal Open Market Committee to hold off on a hike at this meeting came with a projection that another two quarter percentage point moves are on the way before the end of the year.

Central bankers following a two-day meeting said they will take another six weeks to see the impacts of policy moves as the Fed fights an inflation battle that lately has shown some promising if uneven signs. The decision left the Fed's key borrowing rate in a target range of 5%-5.25%.

The next meeting of the dollar-wrecking bozos is July 25-26.

Oh, and that projection of two rate hikes? Yeah, that's just an arbitrary number.

Two members indicated they don't see hikes this year while four saw one increase and nine, or half the committee, expect two. Two more members added a third hike while one saw four more, again assuming quarter-point moves.

Remember, these are the same people who, like Janey Yellen, said there was no inflation and that recession was nearly impossible.

Either they are the worst prophets/forecasters ever or they are lying to you. Get ready for more punishment from your betters, little people. If you're lucky, they'll lower rates a tiny bit in 2024.

The hikes have helped push 30-year mortgage rates over 7% and also spiked borrowing costs for other consumer items such as auto loans and credit cards.

Do you feel like anything at this point has been "built back better" since the 2020 election? Cuz all I see is grocery bills I can no longer afford...