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.
Always_Late_Lately OP t1_j6pdmbg wrote
Reply to comment by smasharoo in An insider preview of the current FOMC meeting by Always_Late_Lately
imagine simping for the federal reserve