These are the people who have a “voice” (media coverage). There are many others (including you and me) who called inflation correctly a year ago and every month since. If the powers that be had the slightest shred of humility and slightest inclination to “do the right thing,” they would step aside and give their platforms to those who have been right all along about inflation.
My hope is that now that JPOW has been confirmed, he will finally show his true colors and do the right thing. That is, taking the Fed rate to 4% and reducing the Fed balance sheet to around $1 trillion (the pre-financial crisis level). Anything else will be insufficient to combat our raging inflation. I by no means am sure of this, but I am hopeful.
Unfortunately, I fear you are correct that the Fed, the media and the “economists” have been horribly wrong about inflation for over a year.
https://twitter.com/LizAnnSonders/status/1526153920111906816?t=m6oNSnhgdM5VR6lxFwXf6w&s=03
These are the people who have a “voice” (media coverage). There are many others (including you and me) who called inflation correctly a year ago and every month since. If the powers that be had the slightest shred of humility and slightest inclination to “do the right thing,” they would step aside and give their platforms to those who have been right all along about inflation.
My hope is that now that JPOW has been confirmed, he will finally show his true colors and do the right thing. That is, taking the Fed rate to 4% and reducing the Fed balance sheet to around $1 trillion (the pre-financial crisis level). Anything else will be insufficient to combat our raging inflation. I by no means am sure of this, but I am hopeful.