Quote from JamesVU2000:
I think the fed knows they should raise rates, but is scared because they know that debt and leverage is completely out of control. They dont want to be blamed for knocking down the house of cards, even though everyone knows that there policies are responsible for the huge amount of debt and leverage. Stop playing lip service to fighting inflation. There is no evidence at all that fed has done anything to cool down financial conditions. This fixation on the cpi is biggest nonsense on earth. Heli Ben thinks he could have solved the great depression. Thats a little too much hubris for this guy.