This guy

 

should be your Fed Chairman.

At least he makes sense in what he says.

Fed's Bullard: Even 'dovish' policy assumptions require more rate hikes

"WASHINGTON (Reuters) -Even under a "generous" analysis of monetary policy, the Federal Reserve needs to keep raising interest rates given that its tightening so far "had only limited effects on observed inflation," St. Louis Fed President James Bullard said on Thursday.

(The reason that its only had "limited effects on observed inflation" is because its root cause is systemic, The increase in money supply has decreased the worth of our currency and thats why you are paying more for goods and services, among other things including, corporate greed, shocks to food and energy sectors, Ukraine war etc. But the major cause is to much "liquidity" in the system.)

"Bullard said the Fed's target policy needs to rise to at least a range between 5.00% and 5.25% from the current level of just below 4.00% to be "sufficiently restrictive" to curb inflation, though he would defer to Fed Chair Jerome Powell regarding how much higher to move rates at upcoming policy meetings."

(Translation: sufficiently restrictive = enough to slow it down but not enough to stop it, and 5.0 to 5.25 gonna crash us anyway...)

"However, he said it was clear rates needed to continue rising, and that recent reports showing slower than expected inflation provided only "tentative" evidence that a disinflationary trend was taking hold.

Data showing that consumer inflation slowed in October "could easily go the other way in the next report," Bullard said, noting the Fed had been "burned" for two years running now by inflation well above its 2% target."

(Like I said, at least somebody is making sense...Have we even mentioned the OPEC production cuts that are soon to take place and the Russian oil price caps and the fact that petroleum goes into 3000 consumer goods ? Why isn't anybody saying what all that's gonna do to inflation?)

"Bullard showed that using even "dovish" assumptions, a basic monetary policy rule would require the Fed's policy rate to rise to around 5%, while stricter assumptions would recommend it climb above 7%."

(Were suck either way yo...)

"That entire range could fall if inflation falls more rapidly than expected, Bullard said, noting that "market expectations are for declining inflation in 2023."

(Based on what exactly? OPEC production cuts? 

No more SPR drawdown? 

Russia just gives in to price caps for its oil?

Isaiah 30:10

Which say to the seers, See not; and to the prophets, Prophesy not unto us right things, speak unto us smooth things, prophesy deceits:

1 Thessalonians 5:3

While people are saying, “Peace and safety,” destruction will come on them suddenly, as labor pains on a pregnant woman, and they will not escape.)

"If that occurs, he said, a "very good dynamic" could develop that allows the United States to avoid a recession, as strong corporate, household, and local government balance sheets allow the economy to keep growing at a slow pace even as inflation falls."

(I wouldn't hold my breath on that one, would you? Here's good reason not to listed right below:)

"But he said that "caution is warranted" since investors and Fed officials "have been predicting declining inflation just around the corner for the past 18 months."

They are just not seeing things through the lens of rose colored glasses, those tinted with the blood of Christ.