On Monday, prominent economist and former White House official Tyler Goodspeed warned that the two expected hikes in the key interest rates next year will likely be insufficient to stop the growth of inflation. “We are still $1.8 trillion cumulatively short on business investment. So I think the bigger picture macro situation still points to a lot of inflationary pressure, and I don’t know that the two rate hikes are going to cut it,” Goodspeed said during an appearance on Fox News. Goodspeed formerly served as chairman of the Council of Economic Advisors on behalf of the administration of former President Donald Trump. He resigned from this position in the wake of the Jan. 6 breech of the United States Capitol building. The Federal Reserve initially lowered its rates in March 2020 in response to the onset of the CCP (Chinese Communist Party) virus pandemic in order to provide some measure of economic stimulus …