The article didn't address Quantitative Tightening (how quickly the Fed is lowering its balance sheet from its gargantuan level). IMHO that's probably at least as important as rate hikes.
The article didn't address Quantitative Tightening (how quickly the Fed is lowering its balance sheet from its gargantuan level). IMHO that's probably at least as important as rate hikes.
inflation ONLY comes by printing money,
for Ukraine, for the coverup, for the trafficking,
for the elites, and 10% for you know who.
This is what FJB means when he says his economy is going higher. He and Jill his pardner have got everything under control for their incoming freeloading, “migrant refugees”!
SAVE THE BALD EAGLES! EAT A BREAKFAST TACO!
if you’ve been looking in to powell’s testimoney, you may have seen LA Sen Kennedy gracefully b!+ch slap powell’s policy objectives.
<> based on history, for powell to achieve 2% inflation, it will result in an increase in unemployment to approx 11%
<> when asked if high energy prices make it more difficult to lower inflation....powell said to the effect: energy prices fluctuate up & down so energy prices are not really a concern.
No need to crash into the wall by raising interest rates again.
It took FOREVER for the fed to switch from QE to QT. But they did. IMHO, QT is what must be done, to undo QE. Raising rates only cools of the housing market, killing ARMs and gives banks an excuse to take people’s homes from them. Or it puts small businesses out of business. It does not even directly affect corporations which raise funds from stocks instead of business loans.
I’m now investor class, so I say this against self-interest, but the only moral thing to do to kill off asset inflation is to QT. And that’s ONLY to undo QE. PPI is down about 7% since June. DEFLATION. (Not truly a deflationary economy but the point is that INFLATION has calmed, at least from the business perspective. CPI went nuts in January for some reason, but that will HELP profitability.)
It was a call between 25 and 50 basis points.
I gambled, I lost. The market tried to sway 25.
He sounds 50. Oh well.