The Federal Reserve typically only prints money to stimulate the US economy during times of economic crisis. However, Jerome Powell, today revealed that he forgot to turn off the money printer after using it on Friday to print some 4th of July beer money.
As a result, the money supply has increased by an estimated 110%. Powell assured citizens not to worry about the cost of the electricity used to print all that money since the cost has already been devalued by all the printing and the bill isn't due for another two weeks.
Powell has come under serious scrutiny for his latest blunder and has been forced to release a statement before the next FOMC meeting.
"I know you're all very angry, but look at it this way, you can all be millionaires now."
Powell is expected to raise interest rates by 950 basis points to begin to combat the resulting inflation.
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