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A comment on Fed raises rates by another 75 bps to fight inflation. Parent comment

Re:Fed raises rates by another 75 bps to fight inflation by Test0129 on Wednesday September 21, 2022 @05:50PM (#32931995)
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.

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Re:Fed raises rates by another 75 bps to fight inflation by matthewdgreen on Wednesday September 21, 2022 @07:27PM (#32932982)
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.
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