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hunkofsoup t1_j6o7nzh wrote

On all seriousness, Jerome Powell admits fault that he went in too late. Now, Americans suffer because of this mistake. Good job img

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Always_Late_Lately OP t1_j6o8cy5 wrote

Ehhhh there's a lot more to inflation than just the federal funds rate. Massive printing by the treasury, for one. Endless uncovered govt spending, for two. Dropping huge stimulus to demand during covid while shutting down supply and imports, for 3. And now global supply chains are still a mess and that 'just in time' fetish suppliers had is showing it's fragility to any wrench being thrown in the gears at any point.

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