Glad to see you back! As usual, you hit the nail on the head. Truth to power is never easy or rewarding. But it’s doing the right thing. Why is a Fed rate at least equal to inflation not even on the table, when it was always a given before recent years? Why is net sales of $120 billion a month of treasuries and MBS not even on the table? That would be consistent with the net purchases of $120 billion per month on the way up to $9T. With inflation raging.
On your point about JPOW being politically oriented, he has been heard to go on about the disadvantaged and minorities. Yet when the rubber meets the road (inflation), he doesn’t seem to give a rat’s arse about them. I guess that was all poppycock prior to his confirmation for a second term.
Oops that was addressed to your subsequent post (scrolled down too far).
Back from its 55-day vacation, the Fed raises rates less than 1% while inflation rages
Absolutely fantastic! Thank you.
Glad to see you back! As usual, you hit the nail on the head. Truth to power is never easy or rewarding. But it’s doing the right thing. Why is a Fed rate at least equal to inflation not even on the table, when it was always a given before recent years? Why is net sales of $120 billion a month of treasuries and MBS not even on the table? That would be consistent with the net purchases of $120 billion per month on the way up to $9T. With inflation raging.
On your point about JPOW being politically oriented, he has been heard to go on about the disadvantaged and minorities. Yet when the rubber meets the road (inflation), he doesn’t seem to give a rat’s arse about them. I guess that was all poppycock prior to his confirmation for a second term.
Oops that was addressed to your subsequent post (scrolled down too far).