Federal Reserve Hikes Key Interest Rate To Highest Level In 22 Years!

[Reagan]

Curious:  How many think the Federal Reserve is actually needed?  How many think that the Federal Reserve has always been around?  

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[Separation Scientist]

I think Jerome Powell is one of the most underated Fed Chairmen ever. Powell has threaded the needle about as good as anyone could have while dealing with the hyper inflationary policies of the current administration. He is tasked with trying to contain the inflatinary fire Biden lit and poured gas on. Powell maintained ~2% (or less) up until then, and he is bringing inflation back down rapidly without wrecking the economy. A mild recession is still possible, but if that is all that ultimately happens Jerome Powell will have a stellar historical legacy.