The Federal Reserve added money to its balance sheet in July (i.e., it's still printing money).

Imagine that.

The @federalreserve added money to its balance sheet in July (i.e., it's still printing money). Real mystery why Powell adopting Mugabenomics has created a global inflation crisis pic.twitter.com/RBl0BzBTXQ

— Tom Elliott (@tomselliott) July 28, 2022