The 10 year breakeven inflation rate is below 2.5%, showing the market does not agree with you on how one successfully fights inflation and expects inflation to plumit.

With massive deficits and public/private debt, raising more would cause a chain reaction of defaults. I wouldn't like to be in Powell's shoes. Can't control spending, can't control war, can't control commodities, can only raise rates but not too much. And will be the scapegoat, for sure.

As he should be, in my opinion. We should've entered a mild recession in 2018 but because of TPTB he went whole hog on cutting rates as low as possible. We didn't enter the recession, and as luck would have it a global catastrophe happened. This resulted in more rate cutting to the point the rates could not be cut anymore.

He could've avoided some of this by just intelligently working the market. It is, in my eyes, entirely his fault.

TPTB was discussing firing Powell following the rate hikes. Not clear if it would have been possible, not clear that it wouldn't. "Entirely [Powell's] fault" may be the right diagnosis, but I'd say political leadership matters a lot here.