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The Fed Admits It Has Lost Control

quoththeraven.substack.com

The Fed Admits It Has Lost Control

We all knew the "transitory" narrative was nonsense. But it was different hearing Powell admit it yesterday. Powell's testimony yesterday is likely a game changer for markets heading into 2022.

Quoth the Raven
Dec 1, 2021
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The Fed Admits It Has Lost Control

quoththeraven.substack.com
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Like any junkie with an addiction, the first step is admitting that you have a problem.

It was no sooner than Paul Krugman came out less than two months ago declaring a win for what he called “Team Transitory” that Jerome Powell sat in front of a Senate panel and was forced to admit he had a problem.

Powell seemed to come to terms yesterday that he was st…

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