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Wednesday, December 14, 2022

John Taylor: US Inflation Is Not Low Enough for the Fed

 https://youtu.be/VC24HM6OgP4

*Is Powell following the market or the market following Powell? Who really has the power now. Powell gave less confidence to the Federal Reserve and the Market because inflation still too high AND 50 instead of 75 basis points fed funds rate increase. I can only hope January and February CPI numbers are stable month to month, especially when there are inflationary pressures in our monetary system such as IRS tax payroll update on 1/1 AND a conservative tax cutting House in WDC.

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