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Charlie Bilello @charliebilello on x 659.8K followers
Created: 2025-07-15 14:47:15 UTC
If inflation is 2%, then spikes to 9%, then moves back to X% we're all supposed to pretend that's X% inflation? That makes absolutely no sense. The Fed should not be setting interest rates at all and they've proven that time and again in the past with bad policy decisions. The free market should be setting rates, not XX people sitting in an ivory tower pretending to know what the best rate is for a $XX trillion economy. But if we are going to let them control interest rates with a "2% inflation target," it should at least be a long-term average, not YoY.
You're assuming that high inflation is good for employment and that lower inflation would be bad for employment, which the data doesn't support. There's no evidence of that. Deflation is a myth. There will be no deflation as long as we are printing money and running massive fiscal deficits. What I'm suggesting is to let CPI run below X% for a period of time before easing monetary policy. That would be good for lower income and younger workers who have been crushed by higher prices and unaffordable housing. We haven't even hit X% YoY and Fed already cut rates XXX bps last year and is targeting another XX bps in cuts this year. I believe that's a mistake but understand that many will disagree.
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Related Topics ivory fed federal reserve inflation