[FreeReign]

But the real credit goes to Chairman Powell for assuring the markets that the FED will keep interest rates low through 2023.

With some much debt, it seems to me that the Fed can't raise interest rates without bankrupting our country.

[servantboy777]

>>With some much debt, it seems to me that the Fed can’t raise interest rates without bankrupting our country.<<
Bingo...post of the day.
They are trapped between a rock and a hard place. Rising interest rates to put the brakes on inflation/hyperinflation will cause the national debt to rocket.
$30 Trillion debt, $160 Trillion unfunded liabilities. Debt is now larger than our economy and growing.
https://www.usdebtclock.org/

[entropy12]

FED reminds of the old adage “holding tiger by the tail, you can’t let go because the tiger will devour you”.

FED is under the delusion that they can maintain a smoothly growing economy for ever. In that effort, they have created a giant and ugly bubble in stocks & hard assets. Economy works best when allowed to self correct. Occasional recessions serve to bankrupt unproductive entities. Instead FED+Treasury are trying to prop up everything.

Any black swan event is now capable of crashing the bubble. Covid did that in March 2020. There will be another coming sooner or later.