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Economy

bucolic_frolic

(47,970 posts)

2. Powell's dallying left the Fed with nowhere to go

Reply to mahatmakanejeeves (Original post)

Sun May 29, 2022, 01:58 PM

May 2022

The Fed is 10 months late on these rate hikes. The recession would be half over with half the inflation if they'd acted sooner. No way all Fed members didn't know the effect on inflation of 12 years of loose monetary policy and asset bubbles. They thought crypto and tax cuts for the rich would hide the cash forever. Nice job, guys. Nice job screwing the currency.

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Are we entering a recession? World Bank chief can't see how we avoid it [View all] mahatmakanejeeves May 2022 OP

I think it would take a 1 in a 1,000 chance True Dough May 2022 #1

Powell's dallying left the Fed with nowhere to go bucolic_frolic May 2022 #2