May 01 2024 54 mins
Happy Fed week everybody! Or is it unhappy? Either way, we can all agree that the Fed's fight against inflation is starting to look like the The Battle of the Morannon in Lord of the Rings, except without the help of the ring being destroyed. Other facilities are being used in efforts to tame inflation, especially the unwinding of the balance sheet, but it all begs the question: what's the point?
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