It’s important to understand that the Fed has limited tools at its disposal. Congress does have the power to enact the required structural changes. However, the

It’s important to understand that the Fed has limited tools at its disposal. Congress does have the power to enact the required structural changes. However, the Fed Chair has not been very vocal about this so it always seems like the Fed is the only agency that can do anything about the situation. Honestly Powell should stop pretending he has any control over the situation and say it explicitly that rate hikes aren’t really having the intended effect. He is a bad Fed chair.