You know my thoughts. The Fed had a great chance last summer to apply the brakes, they chose not to. Now they will have to tighten and raise ffr into a slowing global economy and rising inflationary pressures - no fun
www.wsj.com
Trio of Former Fed Officials Lament Central Bank’s Actions, See Good Odds of Recession
The Federal Reserve waited too long to take on inflation and its response to it will almost certainly trigger a recession, according to three former central bank officials.