Can The Federal Reserve ACTUALLY tighten monetary policy? Let’s look at the facts.
Under Biden, we have seen inflation rise from 1.4% to 7.9% (the latest inflation numbers will be out Monday). And we have seen Treasury public debt rise from $27.8 trillion to $30.346 trillion (actually, $30.371 trillion in real-time). Meanwhile, REAL average hourly earnings are declining. Well done, Washington DC! You deserve the Washington Redskins Commanders.
With real GDP growth less than 1%, a war raging in Ukraine, and 20% flexible price growth, the US economy is in a shambles, relying on The Federal government and The Federal Reserve to continues its insane level of spending and stimulus.
I am going against the box on this one and think The Fed will back off by summer when they realize that they have made another in a long line of policy errors.
