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dlukton
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Comments by "dlukton" (@dlukton) on "Is the Fed tone-deaf?" video.
OK; but bear in mind that the inflation rate pertains to "rate of change" in prices; and NOT the actual price level.
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A lot of people say that; but bear in mind that the Fed is.... to a large extent..... under the control of politicians; and politicians can be very fickle.
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There's something else going on beyond just "fighting inflation"; I think that the Fed is being used as a tool of foreign policy. The strong dollar probably hurts Russia somewhat, and maybe also China.
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