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Comment Re:Powell wants a recession (Score 1) 114

I wonder if they will learn anything from this... I hope soon they will see that the interest rate lever isn't really that effective at curbing inflation that isn't really caused by an overly exuberant economy. Is all the economic and personal harm really worth the minimal effect interest rates have actually had on inflation? Inflation went down less in recent past than gold has gone up, so is the dollar any stronger than it would be if they just left the economy alone? Can anyone that needs a loan to buy house actually afford one, not really, thanks Chairman Powell. There is some benefit to raising rates, but it's just not targeted and comes with too many negative consequences. Just because they wrote textbooks based on past events doesn't mean it's not hubris for the Fed to think it can influence the economy just the right way using interest rates every time, no matter the source of the inflation.

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