The Federal Reserve has two jobs: keep inflation under control and maximize employment. After spending 2021 promising that higher inflation was merely a passing phenomenon, Fed officials have begun dialing up the rhetoric and declaring that inflation is now a significant threat to the labor market and the rest of the economy. But, Dovish or Hawkish, thus far, Federal Reserve's inaction has raised inflation through the roof, and Jerome Powell is trapped between a rock and a hard place.
Nicolai