Powell's Raising Interest Rates Is a Typical Criticism of the Fed

The markets are in effect kind of wrong that we're also getting good enough economic data coming out of the US, not great economic data. Powell has knowingly made a policy mistake and they increase the weight of shelter by one full percentage point. And tomorrow we have the CPI, but projections are the CPI are going to vindicate Powell here. It's the international markets where credit is mostly being pulled back on by Powell's raising interest rates.