Look at all the words they use to decribe what in reality is a catastrophically failing economy. The Fed still thinks their lies give people warm fuzzies.
The Fed is screwed. They can’t lower rates or inflation will take off again, and though the dollar is stronger than it was a few months ago, it’s still weak.
The Fed will sit idly by playing with smoke and mirrors until the negative effects of raising rates will look no worse than what we’ll have already seen by then in housing, employment, and consumer spending.
Then they’ll do what they should have done 2 years ago, when it would have hurt but the economy was in a much stronger position to absorb a rate hike.
