does anyone else find it interesting that since the pendemic when lesser mortals were yelling "inflation, inflation" certain politicians and members of the fed were saying "transitory", no problem, everything is under control and kept the fed funds rate at near zero. Now, all of a sudden, the light has gone on and the same members of the fed are yelling "inflation, inflation" and setting the stage for even higher fed funds rates and more restrictive monetary policy
I'd accept that at some point in our history the fed has been right, but not this time.
I'd accept that at some point in our history the fed has been right, but not this time.
