The Fed is still creating money fast even under a new chair who promised to stop, which is bad news for anyone holding cash as inflation keeps eating savings.

• The Fed's balance sheet has grown over 6% a year so far in 2026, meaning it's still printing money.
• New Fed chair Kevin Warsh promised to shrink the balance sheet and fight inflation, but it's grown since he took over in May.
• Warsh also raised the inflation target from 2% to 2.9%, signaling he'll tolerate higher prices.
• The money supply is growing 7.5% a year while the government reports inflation at only 3.4%, and Social Security raises are set near 3% — so people fall behind.
• The takeaway: own stocks, hard assets, and a home, because all that printed money pushes prices up and cash loses value.

Outlook: Money printing and inflation are expected to continue, so prices keep rising and savers keep losing ground.