[cgbg]

If the Fed raises interest rates the federal budget deficit goes into a death spiral as interest costs eat up a higher and higher percentage of the budget.

The Fed has painted itself into a corner—and they will stay there until there is hyperinflation.

They will then say: “We never saw it coming.....”

[Renfrew]

“If the Fed raises interest rates the federal budget deficit goes into a death spiral as interest costs eat up a higher and higher percentage of the budget.”

That used to be the case, but now the government mostly borrows from itself. Interest matters a lot less.

[Oatka]

The Fed has painted itself into a corner—and they will stay there until there is hyperinflation.
They will then say: “We never saw it coming.....”

The Feds Four Stage excuse (Hat tip to "Yes, Prime Minister")