Federal Reserve Blames Congress for Inflation

The Federal Reserve has some not-so-comforting inflation news for Americans: They can’t tame it, and it isn’t their fault.
The current “increase in inflation,” says a new report published by the Kansas City Federal Reserve, “could not have been averted by simply tightening monetary policy.” 

The Fed was established in 1913 to promote economic stability by protecting the value of the dollar.
If they can’t do it, who c …