The Fed Is Constrained to Day Weigh More Than the Early 19 Eighties

i believe that the fed is constrained to day weigh more than the early 19 eighties. The feds got to be thinking that if we pushed the rate too high, we actually could feed further inflation. Iis a fun thought experiment. A suppose powell channels his inner volker and says, volker took the rate to an all time peak of 20 and a half. Ever so briefly, inflation, correctly measured, is about the same as it was back then. If you have 20 % interest rates, if that migrates its way into the overall cost of capital for government, keep in mind, raising the short rate doesn't boost the cost of servicing government debt, except over time the

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