Re:Fed raises rates by another 75 bps to fight inflation
by dragontamer on Wednesday September 21, 2022 @07:06PM
(#32932788)
> Running after the facts inevitably causes feedback loops
No?
2008 through 2014 had signs of deflation, so the Fed lowered rates and went into QE.
2022 has signs of inflation, so the Fed increased interest rates.
Where is the feedback loop here?
Following the data means you're inevitably running after the facts. Running after the facts inevitably causes feedback loops. I'm sure those feedback loops were tuned correctly to not blow the whole thing up, right. Right? RIGHT??
Say ... what happened last time? Oh ... right.