The reality of the situation is that we need a double-digit rate increase to soak up all this inflation (at least 14% according to Taylor Rule) which will promp

The reality of the situation is that we need a double-digit rate increase to soak up all this inflation (at least 14% according to Taylor Rule) which will promptly crater the markets and throw us in a long recession just like in the 80s. So instead we're getting half a percent every other month which is one of those things that the FED does to pretend they're working on a solution. It seems like the question going forward is going to be whether Jerome Powell is going to be saving the economy or his seat and so far it's looking like the latter.