The Fed's Moving Away From a Rules Based Reaction Function

The Fed is moving away from a rules based reaction function to a more discretionary one, with past inflation misses and employment short falls. Practically, this means that the fed is looking to overshoot its two % infation target while completely ignoring philips kurth effect. The real macro economic earthquake is not just the feds revolution, but it's that fiscal authorities have plugged this hole by going direct or casa de papel. So are the money printer which, you know, goes with direct lons to small businesses and direct financial supports to households. That promises fireworks And a swift macro revival.