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I am saying that if they cut the bullsh_t back in March 2021, when all the excesses from crypto, meme stocks and SPACs were blatant, we would not be here today. They made a very public choice to let that play out. Heck, even China was hitting the breaks at that point. A 200-250 hike cycle would have more than sufficed. This is gross negligence. The worst monetary policy decision that they are now compounding.

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I’m not sure what world you were living through in March 2021, but no one was cutting back fiscally at that point. Had you forgotten the US then passed ARP in 3/2021?

The Fed’s only instruments are interest rate and signaling, QE is controlling long tail of the curve. You wanted the Fed to raise rates at the same time when fiscal policy added another $2T in spending?

The more logical argument is perhaps the US shouldn’t have passed ARP and poured gas on the fire.

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