Is the Fed Playing Catch Up?

I think we have a fighting chance to get through this without going into a downturn. I feel as if a recession is a natural part of the economic cycle and kind of cleans out some stuff and sort of a reset. The banking system is on a solid financial ground as it's ever been. It strikes me that every moon is lining up for a massive decrease in inflation, where do I have that wrong? You don't. But at least up to this point in time, I think they've been playing catch up and appropriately so.