When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand.” Rev. 6:5-6
Zero Hedge: The Fed has been so wrong, in so many ways, for so long, we need to ask some pointed questions.
Q&A on Fed Transitory Statements
Q: If inflation picks up will the Fed say I made a mistake or will they double down?
Q: If the Fed doubles down will they admit their mistake or will they say let’s overshoot to make up for past inflation?
Q: If the overshoot continues, will the Fed say dammit wrong again or will they say better 10% inflation than 10% unemployment
I believe we know the answers to those questions, paraphrased from the Eurointelligence post Should we worry about inflation?
Eurointelligence authors wrote from the perspective of the ECB.
They did not know if inflation will rise or by how much. Nor does anyone else given there are too many variables.
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