
The tardy Fed and the new macro
As FOMC readies its .25% rate hike today… In 2021 and 2022 we called the Federal Reserve “tardy” on several occasions as they doggedly held to their “transitory” inflation stance long after reasonable people (using the right indicators) would have given up on such a notion. In this May 2, 2022 article we noted that they had finally started to move… too late. Eggheads tardy … Continue reading The tardy Fed and the new macro