“that should put an end to all the whispering”
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Powell and his surrogates can reverse course at any time. Its all so much BS.
Meanwhile a large percentage of the population is straining under the weight of entrenched inflation.
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.