If Powell is weak into this backdrop can you all finally admit he is the reason that we have this major inflation problem? Every monetary policy rule would scream for him to be hawkish here. FCI also max loose Yet he’s a wet noodle in the background doing nothing

Note: I expect him to do nothing because the Fed is a failed institution and Powell, like Trump, is incapable of being unpopular with the donor class for more than a few weeks at a time But at least this month and the subsequent will remove doubt on these topics

@stevehou0 Breakevens are the highest they have been in 25 years excluding 2022 when inflation was 9%