A Fed that Hates Real Growth
The Fed continues to show its true constituency, it loved creating artificial growth during the 2020-2021 bubble. Now they cannot stand the fact that real growth is looming. I will keep saying that a steady interest rate of maybe 3.5 % will allow growth to expand.
The wild extremes that this Fed has pushed, zero percent to now talk of six percent proves to me that stability is not in their vocabulary. Biden needs to set them down and talk tough.