Let $\tilde{F}_m$ be the algebra of germs at $m$, and $F_m\subset \tilde{F}_m$ be the ideal of germs where $\forall {\mathbf{f}}\in F_m$ we have that ${\mathbf{f}}(m)=0$.
I am not understanding immediately why $$\tilde{F}_m\supset F_m\supset F_m^2\supset F_m^3\supset\cdots$$ I am only confused about situations such as $f\in F_m$ then $f^3\in F_m^3$ but why is $f^3\in F_m^2$? This should only be possible if $f^{1.5}\in F_m$, but what would that even mean? Why would this function exist?