No matter what the Fed does, they will be scapegoated. Either they tame inflation at a cost of lower capital markets and a recession, -or- they allow inflation to rise, and avoid a recession.
Most people either don't know, have forgotten, or are operating with bad information. Monetary policy and Fiscal policy are two separate things! The Fed CAN NOT and DOES NOT print money that Congress does not request or put into Fiscal policy! And the absurd Fiscal policy is where changes are required, not monetary policy. Meanwhile, according to Congress, inflation is the Feds problem with Congress taking no responsibility whatsoever, ever!
Most people either don't know, have forgotten, or are operating with bad information. Monetary policy and Fiscal policy are two separate things! The Fed CAN NOT and DOES NOT print money that Congress does not request or put into Fiscal policy! And the absurd Fiscal policy is where changes are required, not monetary policy. Meanwhile, according to Congress, inflation is the Feds problem with Congress taking no responsibility whatsoever, ever!