Powell's Ability to Ignore the Noise Is a Good Thing

With hindsight, is the amount of inflation we have basically proof that they failed at their job? That's a good question. I think if you read do 20 21, this is going to sound a little apologelic, but if the fed had started raising rates, and say, may june w would a one % increase in the funds rate last year have really changed inflation in 20 21? Would it have left them in a better position for 20 22 or 20 23? Then the answers probably yes. But, you know, hind sight as 20 20 and they were making some very important decisions. In macro there are two different tribes right now. There are le who think the fete