You understand that the paragraph you quoted was a didactic illustration[1], not a description of reality, right? In fact inflation is sitting right at 3% right now, not at the 2% target but hardly very far off.
> The real question is Who is in charge here? If the Fed was, they would and could get in front of inflation and raise rates
They... did?
[1] Specifically of the situation where a change of target rate (which, again, is not happening) would be interpreted by the market as a loss of control.
> The real question is Who is in charge here? If the Fed was, they would and could get in front of inflation and raise rates
They... did?
[1] Specifically of the situation where a change of target rate (which, again, is not happening) would be interpreted by the market as a loss of control.