01-27-2022, 07:42 AM
His mistake was ignoring inflation 9 months ago. He should have made us mad by tightening then.
The Fed can't make tightening moves at the same time as Congress is pumping money into the system. Would have been two powerful entities acting completely at odds with each other. The market - or at least institutional investors who make the market - could have reasonably concluded that everyone was crazy.
The Fed can't make tightening moves at the same time as Congress is pumping money into the system. Would have been two powerful entities acting completely at odds with each other. The market - or at least institutional investors who make the market - could have reasonably concluded that everyone was crazy.