I mean, isn't it obviously true that, in hindsight, every tightening cycle for the last 40 years has ended in the Fed going a little too far, whoops? That's not

I mean, isn't it obviously true that, in hindsight, every tightening cycle for the last 40 years has ended in the Fed going a little too far, whoops? That's not to say there weren't underlying problems with the economy and financial sector, but the Fed manifestly never knows where to stop. Populist criticism of the Fed cannot identify the point that is "too far", but surely like a stopped clock they eventually have to be right. Isn't an inverted yield curve a warning signal that can't be dismissed as economically illiterate populism?