It feels like a bottom in BUT !

I think Fed has to raise the interest rate and try to balance it out. Otherwise, sustained high inflation will destroy the economy by itself.
 
I disagree. The Fed, through Powell, now finally have the guts to do what is necessary because he is no longer intimidated by Frump. Full-bore, fuck the world, let's get it under control. Interest rates go zing!

Powell is a weak man who easily capitulates to the market. He couldn't even normalize interest rates in 2018 when the debt (and debt to GDP) was much smaller. It's only a matter of time before he capitulates.
 
It's a shame Milton Friedman isn't around anymore. But I'm sure libertards would still be accusing him of being a racist white man and all, in favor of stopping the printing press...

Inflation is someone else's problem, of course.
 
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