The Nonsense Surrounding the Federal Reserve

The latest Fed mantra is that it has to tighten much, much more, because financial conditions are easing. This is not true. For one thing, the Fed is focusing on the wrong measure of financial conditions.

AP/Pablo Martinez Monsivais
The U.S. Federal Reserve. AP/Pablo Martinez Monsivais

So, I’ve already spent a couple days beating up on President Biden’s terrible and dishonest big-government socialism State of the Union message, and then there’s his dishonest distraction about Republicans cutting Social Security and Medicare.  

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