It's interesting how FED and central banks use naive market economics thinking to "fight" current inflation.
Inflation up? Rates up.
Zero consideration for what is actually causing it. That's grossly negligent and yet the execs get paid handsome money for this rubbish and won't face any consequences of ruining people's lives.
> Zero consideration for what is actually causing it.
You probably never listened to a Jerome Powell press conference. He spends so much time explaining what the causes of inflation are, and what the Fed can do about some of them.
> yet the execs get paid handsome money for this rubbish
What execs get paid handsome money? The Fed employees are government employees, their salary is public. Jerome Powell makes $200k/year [1]. The other Fed board members make less. Is that handsome money?
Inflation up? Rates up.
Zero consideration for what is actually causing it. That's grossly negligent and yet the execs get paid handsome money for this rubbish and won't face any consequences of ruining people's lives.