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Why The Federal Reserve's Power Is 'Limitless'
FiveThirtyEight Politics
Is There a Need for More Barriers in the Fed?
I think the hardest thing for them right now is trying to figure out if their policy is actually working to combat inflation. The Fed has this idea that if you get interest rates above a certain point, they're going to be weighing on the economy and that's going to be net disinflationary. But there's been very little consensus over that in recent years. And I think we're hearing a lot of uncertainty from them. They are being very hesitant to give us any guidance about what comes next.
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