5 ms·

It's all too little too late. Considering the scale of monetary easing in the last 2+ years, this is like pissing in desert. Quite frankly, I can't blame the ma

• slaw 4y ago
  I don't see any 'fight' when interest rate at 6% points below inflation. Yes, 0.75% is not enough.
  • alecco 4y ago
    With massive deficits and public/private debt, raising more would cause a chain reaction of defaults. I wouldn't like to be in Powell's shoes. Can't control spending, can't control war, can't control commodities, can only raise rates but not too much. And will be the scapegoat, for sure.
    • Test0129 4y ago
      As he should be, in my opinion. We should've entered a mild recession in 2018 but because of TPTB he went whole hog on cutting rates as low as possible. We didn't enter the recession, and as luck would have it a global catastrophe happened. This resulted in more rate cutting to the point the rates could not be cut anymore. He could've avoided some of this by just intelligently working the market. It is, in my eyes, entirely his fault.
      • matthewdgreen 4y ago
        TPTB was discussing firing Powell following the rate hikes. Not clear if it would have been possible, not clear that it wouldn't. "Entirely [Powell's] fault" may be the right diagnosis, but I'd say political leadership matters a lot here.
  • staticman2 4y ago
    The 10 year breakeven inflation rate is below 2.5%, showing the market does not agree with you on how one successfully fights inflation and expects inflation to plumit.