The insanity of easy money is liked most by the stock market, which is why Powell is going slow on his way to two percent after he completes the six more increases he's promising over the next year.
If he thinks the rate ought to be 2% to curb inflation, well then get on with it, boy, and show us what you've got! Nip it in the bud if it's that big a FD.
Truth is they've got nothing, and intend to do nothing about inflation.
Inflation this high needs a bigger gun than 2% one year down the road. That's not how it was done in the 1980s, and 2% even if done right now won't do a damn thing.
This is just inflation theatre, just like the TSA war on terror security theatre, the this government theatre, the that government theatre, and lately the vaccine theatre.
Meanwhile the first in line to all this easy money keep getting richer, and richer, and richer.
Gotta keep that going while appearing to DO SOMETHING!
What a crock.
