Jerome Powell over major impacts rising inflation and higher rates will have on free market

On the Federal Reserve Rate Hike: Jerome Powell, Chair of the Federal Reserve of the United States, claims there is, "no easy solution," in solving the threat of inflation increases as they remain on the rise and do not foresee them coming down anytime in the near future. An interesting note on his speech at this meeting, he claims that part of the blame lies with the uncooperative spending habits of the people and others in the free market, who were, "well warned" of these rate increases months and months ago. Powell states we must unify our cause to addressing and fixing the issue as a country of citizens whom almost all participate in the free market economy's giving and spending, and working hard for the ability to do so when rates continue to rise as inflation becomes a main concern for the federal reserve. Powell and his federal colleagues are now looking to the people of America to help the federal government resolve this growing national issue with an uncertain future ahead for all Americans and economic partners worldwide.