The US Federal Reserve announced on Wednesday that it would be raising interest rates by a quarter point, marking one of the smallest increases made by the panel in nearly a year in its effort to ease inflation.
The Private Committee decided to raise the target range for the federal funds rate to 4-1/2 to 4-3/4%, the Federal Open Market Committee said in its monthly policy statement.
The increase matched the March 2022 hike of 25 basis points as the Fed began raising rates to counter runaway triggered by the trillions of dollars of government spending to fight the so-called Corona-virus pandemic.
After a 50-basis point hike that followed the one in March, the central bank embarked on four jumbo-sized 75-basis point increases between June and November, before returning to a 50-basis point hike in December after a visible retreat in inflation.
The Federal Reserve was formed in 1913. In 1910, seven men met on Jekyll island just off the coast of Georgia to plan the Federal Reserve Bank. Nelson Aldrich and Frank Vanderclip represented the Rockefeller (Illuminati) financial empire.
Henry Davidson, Charles Norton and Benjamin Strong represented J.P. Morgan (Illuminati). Paul Warburg (Illuminati) represented the Rothschild’s (Illuminati) Banking dynasty of Europe.
The Astor Family was one of the richest families in the world and John Astor III opposed the Federal Reserve. However, the Rothschild’s were the banking agents for the Jesuits and held the key to the wealth of the Roman Catholic Church.
The Federal Reserve did have some opposition. Three of the richest and most important of the opponents were Benjamin Guggenheim, Isador Strauss, the head of Macy’s Department Stores, and John Jacob Astor, probably the wealthiest man in the world.
The Morgans were friendly competitors with the Rothschild’s and became socially close to them. Morgan’s London-based firm was saved from financial ruin in 1857 by the Bank of England over which the Rothschild’s held great influence.
Thereafter, Morgan appears to have served as a Rothschild financial agent and went to great length to appear totally American. In the end, they worked together to create a national banking cartel called the Federal Reserve System
His [Rockefeller’s] entry into the field was not welcomed by Morgan, and they became fierce competitors. Eventually, they decided to minimize their competition by entering into joint ventures.
Sputnik / ABC Flash Point Banking News 2023.