Payne's Perspective: January 18, 2022: No Laughing Matter
the big anxiety in the market is whether the Fed, which had experienced dwindling credibility during years of money printing that ironically made it further indebted to the stock market, compounded the issue by ignoring clear signals that inflation was not transitory.
Now it seems the “Comedy of Errors” could continue.
Members of the Fed that spoke publicly and in interviews all sang from the same hymn sheet. They had heard the inflation bell and are now ready to take decisive action.
This Federal Reserve will have to adopt personas that oppose their own nature and instincts.
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