Economist Warns: The Fed Is Still Completely Oblivious

Economist Warns: The Fed Is Still Completely Oblivious
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Last week, CPI data came in cooler than expected but Jerome Powell’s rhetoric remained hot.  The Federal Reserve raised rates by 50 basis points and the Fed chair maintained a hawkish tone. Peter talked about the CPI data and the Fed meeting in his podcast. He said the bottom line is the Fed is still completely oblivious to the disaster it has created. Despite some optimism that CPI is cooling, Peter said we’re never going to get back to the 2% target, given the state of the federal budget, the massive deficits, the amount of money that’s already been printed,...
Source: https://www.newswars.com/economist-warns-the-fed-is-still-completely-oblivious/