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You should pay more attention. They planned to start hiking rates in ‘21 when inflation broke 2% but in their infinite wisdom they deemed it “transitory” and ke
by towaway15463 4y ago
You should pay more attention. They planned to start hiking rates in ‘21 when inflation broke 2% but in their infinite wisdom they deemed it “transitory” and kept rates low and now look where we are.
- FabHK 4y agoTo be fair, there was no war in 2021 (involving huge oil/gas/wheat exporters).
- ChuckNorris89 4y agoCovid and the issues that caused should have been that long awaited wake up call to slowly ramp the money printer down. Instead, they ramped it up and now we're here. The war is not the main cause of this, but was the monkey wrench thrown in the money printer, bringing down this house of cards. This issue was years in the making, but they were just kicking the can down the road hoping the bubble wouldn't burst on their watch.
- QuarterReptile 4y agoI think you're assuming some backstory to my comment that's not there. But, for what it's worth, the rate hikes needed to start years before that, probably between 2013 and 2015. 2010-2020 was the window to make up for big spending.