It will be painful. The Fed has taken too little action, too late and will slowly continue taking inadequate action. The greater problem is that the Fed only has partial control over monetary policy. Monetary policy alone will not fix the economy. The solution requires fiscal, trade, energy, and regulatory policy changes. Biden has made it clear that he trusts the Fed and will allow the Fed to solve the economic problems of America. Meanwhile, Biden and Democrats with the help of RINOs continue with the same policies that have put us in this position. They care not about the working Americans. They have their government paychecks. Not a single lazy ass government employee will lose his job, even though they are the cause of America’s economic problems. Meanwhile, millions of hardworking Americans will lose their jobs, their livelihoods and their businesses in the months to come. Unemployment is going to skyrocket.
If you work for government, then you are the problem.