I agree rates need to go up. But they need to stop this schedule shit they love to stick to. Do one hike. 25 basis points. Let it work through the markets. See how it goes. Meet again. Decide if another is needed at that time. Maybe do 50 basis points the next time. But do not do what they did under trump where they raised and raised then had to lower when they cooled the economy too much.
Recap, I think we need to raise rates and we will. I also think evaluate every few months and do not outline a schedule. That is what got Powell in trouble last time.
Recap, I think we need to raise rates and we will. I also think evaluate every few months and do not outline a schedule. That is what got Powell in trouble last time.
