If they had paid attention to the PPI numbers during the pandemic, and the energy costs and freight costs in late 2021 early 2022 they could have moved sooner and presumably more slowly. They are also fighting Congress who can’t give away money fast enough. They are also fighting the White House who can’t get a sensible energy policy. Never should have shut down the country, never should have ignored science about Covid and potential treatments (which would have been easy to test when 200,000 people a day were getting infected) and we never should have gone all in on vaccines, mandates and passports.
I think we’re gonna be feeling the effects of all that nonsense for years to come. The fed, whatever it is they actually do or why they do it, can’t really change anything. They just engineer where the money moves.
The fed, whatever it is they actually do or why they do it, can’t really change anything. They just engineer where the money moves.
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The Fed is the engineer on the bank money train.