Jpow needs to become Volker 2.0 and just rip the band aid off. Let’s go 20%
They are pausing rate hikes because inflation has slowed down.
Are you divorced from reality?
No, quite the opposite. What I said is correct, which you can verify by looking up inflation figures, but I’ll save you the trouble.
US Inflation Rate is at 4.05%, compared to 4.93% last month and 8.58% last year.
https://ycharts.com/indicators/us_inflation_rate
Also, it would be great if, in the future, you could put some more thought into your choice of words. We can disagree with each other without such a hostile tone and if I understand correctly, especially beehaw is trying to be a bit of nicer place and you weren’t very nice in your comment to me.
They’re trying to find the middle ground. More 0% rates would destroy the economy with inflation, but 20% rates would destroy the economy with corporate slowdowns, an epidemic of bank failures, and great-depression scale unemployment. Inflation is high but trending down so they think the current policy is working.
Lol. Taking full advantage of downvotes being turned off. I can respect that!