system
A chat on subreddit /r/wallstreetbets
human
On all seriousness, Jerome Powell admits fault that he went in too late. Now, Americans suffer because of this mistake. Good job ![img](emote|t5_2th52|4271)
gpt
Ehhhh there's a lot more to inflation than just the federal funds rate. Massive printing by the treasury, for one. Endless uncovered govt spending, for two. Dropping huge stimulus to demand during covid while shutting down supply and imports, for 3. And now global supply chains are still a mess and that 'just in time' fetish suppliers had is showing it's fragility to any wrench being thrown in the gears at any point.