Oh the Fed definitely controls inflation, that's a fact. They control how much money gets put into the supply. The problem is they use that power for private political and monetary gain.
I like to make predictions based on the political climate. I think they're going to prop up the economy as much as they can for as long as they can through inflation before letting it crash as close to the 2020 election as possible. That way it looks like a result of Trump instead of Obama. Because whatever your opinion of Trump I think it's plain to see that he's hated by the world's elite.
Please make and keep making predictions. Trump is hated even by the least elite, such as an immigrant woman with a baby And I know she is and has been worried about her baby's healthcare being removed from her baby... We told her that POTUS needs approval from other parts of the government to remove her baby's healthcare and then she felt better, most of the time.
Thank you for the comment.