Nobody can take Fed too seriously: they had every opportunity to increase rates more, & also increase between meetings. Essentially world still has negative interest rates, as inflation pretty much everywhere is higher than rates.
They also could increase margin requirements for stocks, which would both stop much stupid speculation, & also help reduce intermediate & long-term inflation expectations.
And don't forget their irresponsible 7 Trillion dollar balance sheet. They could have increased QT over the past 6+ months, which even a small increase of not rolling-over holdings, would send a strong message to markets.
The Fed remains in a drunken stupor, and the world continues to suffer. Inflation not only causes prices higher than they would have been, but creates & supports zombie corporations, and yes, zombie jobs.
SBF, much of crypto world, including NFTs, & even Meta spending multi-billions on a at least for now, fantasy, all likely would not have come into existence without Fed's money printing for the past decade.
The Fed members all talk tough, but little action in the real world. which is why Wall Street is so convinced they will fold in the end.
They also could increase margin requirements for stocks, which would both stop much stupid speculation, & also help reduce intermediate & long-term inflation expectations.
And don't forget their irresponsible 7 Trillion dollar balance sheet. They could have increased QT over the past 6+ months, which even a small increase of not rolling-over holdings, would send a strong message to markets.
The Fed remains in a drunken stupor, and the world continues to suffer. Inflation not only causes prices higher than they would have been, but creates & supports zombie corporations, and yes, zombie jobs.
SBF, much of crypto world, including NFTs, & even Meta spending multi-billions on a at least for now, fantasy, all likely would not have come into existence without Fed's money printing for the past decade.
The Fed members all talk tough, but little action in the real world. which is why Wall Street is so convinced they will fold in the end.