The Fed’s New “Tightening” Plan Is Too Little, Too Late
We’ve been saying for a while that the FED’s been “behind the curve”. First they said inflation was “transitory” and nothing to worry about (while we said to start worrying). Then they said they would start tightening “later”. And finally it begins, but it should have begun months ago, the inflation “genie” is out of the bottle and the FED is going to have a difficult time getting it back in. In today’s article, Ryan McMaken tells us how the FED’s actions are “too little too late”
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