For nearly two years, the job market Americans were told about has been significantly stronger than the one that actually existed, and the Federal Reserve made a major policy decision based on numbers that have since been quietly rewritten.
You can tell the Fed doesn’t know what to do given they keep pretending inflation is tied to economic activity and not trade wars and actual wars.
In a normal world the Fed would be calling on the President or Congress to enact policy to curb inflation since its a type of inflation the Fed has no control over, but no one seems to want to call Trump on all the damage he’s been doing.
You can tell the Fed doesn’t know what to do given they keep pretending inflation is tied to economic activity and not trade wars and actual wars.
In a normal world the Fed would be calling on the President or Congress to enact policy to curb inflation since its a type of inflation the Fed has no control over, but no one seems to want to call Trump on all the damage he’s been doing.