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The Federal Reserve Corporation left rates unchanged yesterday so we chug along at 5.25% despite rising inflation everywhere. MSNBC had a story about college costs rising 6% a few days ago while health insurance costs are up 7.7% over the past year.

I wrote about my grocery shock last week when a gallon of milk, loaf of bread and a dozen eggs cost me an eye popping $9.87 and yet the Federal Reserve Corporation is stuck in a quagmire.

It must keep raising rates to fight off inflation but at the same time that will likely stunt economic growth. What’s a private bank corporation to do? I don’t have the answer only that it should be perfectly obvious to everyone that inflation is spiraling higher and higher and there is little activity to do anything about it.  They seem to be following a “stay the course” campaign and we’ve all seen how successful that philosophy has been over the past few years ;)