The Fed Thinks You're an Idiot

The chair of the Federal Reserve, Jerome Powell, was speaking on monetary policy today. He said they have no problem raising rates at a half percent at a time, as opposed to the quarter percent that they currently have planned. They said they are trying to return to stable prices and aren't looking at the market. Further, they are now using a different metric to predict recessions than the most popular inversion of the yield curve.

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#inflation #rates #debt