A House bill that seeks to bring ‘equity’ and ‘inclusion’ to the Fed is a grave threat to responsible monetary policy.
The U.S. isn’t going to have to wait too long to hear whether it is in recession, at least according to the official numbers.
Biden also falsely claimed that inflation is worse in ‘every other major industrial country.’
Last week, 75 basis points would have been a surprise. Today, not so much.
A hike of 75 basis points is good, but 100 basis points would have been better.
Chairman Jerome Powell has said that the Fed will do ‘whatever it takes’ to curb inflation and signaled that more rate hikes were to come.