This guy is a total clown. Of course the “FED knows how to deal with inflation” and “has the tools to do so.” The point is they can’t use them because of the size of the debt. The only tool against inflation, once it is allowed to accelerate,(which is where we are currently) is to raise rates to slow things down. (eg. Paul Volker) They can’t and won’t do that because it causes the government to go broke and default because the interest would overwelhm the budget. Of course they could accelerate the printing press but that just creates more inflation. These clowns have to stop acting like everything is running to plan and they are in control. It may be going according to plan but the endgame is not what they say it is.                                                          https://www.reuters.com/article/us-usa-fed-williams/new-york-feds-williams-fed-has-tools-to-deal-with-high-inflation-idUSKBN2C12UG?il=0