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In response to
"we obviously needed to raise rates as a refresh of the Feds toolbox but it’s been clear for some time that they’re not having the intended effect -- nm*"
by
hollywood big shot
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The real problem is that the Fed has a very limited toolbox. That’s not Powell’s fault. -- (edited)
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Having a coherent political class where half or more of it hasn’t completely abdicated their responsibilities in governance would hypothetically be able to provide much better-suited fiscal policy solutions to these problems than needing to rely on monetary policy* alone, but alas here we are.
*failures in banking supervision by the Fed notwithstanding
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Responses:
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