The Fed first claimed that there would be no inflation due to their COVID moneta... | Hacker News

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		llampx on Oct 1, 2022 \| parent \| context \| favorite \| on: Ask HN: What are you doing now to profit from the ... The Fed first claimed that there would be no inflation due to their COVID monetary policies and the fiscal policies of the government, then that it would be transitory. https://www.businessinsider.com/fed-keeps-key-rate-near-zero... Take what theses official mouthpieces say with a pinch of salt, because part of their box of tools is jawboning on TV. Fake it till you make it policymaking.

rco8786 on Oct 1, 2022 [–]

This is why my original comment ended with "so far".

In any case, we definitively do not have millions of people sitting on ARMs that just went from from 2% to 7% like we saw in '08.

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