typically the US would raise interest rates to combat inflation, however the federal reserve has refused and cited this to be "transient" inflation, an assertio

typically the US would raise interest rates to combat inflation, however the federal reserve has refused and cited this to be "transient" inflation, an assertion thats really more wishful thinking. the real reason the fed cant raise interest rates is because it never gave up quantitative easing after the 2008 housing collapse. raising interest rates would blow up the corporate credit bubble. https://en.wikipedia.org/wiki/Corporate_debt_bubble https://en.wikipedia.org/wiki/Corporate_debt_bubble