A lot of people still cannot believe the Fed would tighten in a way that threatens the stock market.... they may have no choice but to sacrifice the stock market for a more important goal.

A lot of people still cannot believe the Fed would tighten in a way that threatens the stock market.
As I detail in this thread last week, they may have no choice but to sacrifice the stock market for a more important goal.https://t.co/1eZg8zY2iS
— Jim Bianco (@biancoresearch) December 17, 2021

Inflation is wrecking the Democratic party. The Ds need it to stop now, or they are cooked in November.
Consumer confidence is already an 11-year low. The public thinks the economy is terrible. So, a struggling stock market does not hurt D reelection, inflation does! pic.twitter.com/qFliVmeGYy
— Jim Bianco (@biancoresearch) December 17, 2021

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