Despite Powell, Voices of Reason at Fed

The moment the Fed starts cutting rates they'll confirm that the fight against the inflation is lost.
Everything will rally hard, not because the we will avoid the recession, but because the currency is going to get so much weaker. The amount of USD needed to buy something will start growing rapidly.

You can call it stagflation if you want. I call it hyperinflationary depression.

"Voices of Reason at Fed......." Really?

Buried in this article.... almost as an obligatory inclusion.... is perhaps the most important statistic of them all, but the importance of which is either intentionally ignored or is above the grasp of the ignorant.

There is more than enough already printed money than is needed to cure all the nation's problems that can be cured with money. The REAL problem is that it is not all in proper circulation and properly taxed. Uncirculated wealth does not help the economy. It only helps the wealthy feel secure, superior and privileged. And untaxed wealth certainly does nothing to maintain.... let alone stimulate.... an economy!

Also, there is the reality that some banks at which some uncirculated money is "stored" do run their little side operations, using this money to fund (for unreported profits) the illegal, illicit and immoral ventures of outlawed organizations around the world.

So, think about it. Consumer spending constitutes 2/3 of the gross domestic product. How can consumer spending be increased to improve the economy? Certainly NOT by paying the most to the fewest, who take out of circulation the MOST! The solution is obvious but escapes the ignorant ones in high places. The many decades of transition of wealth to "the few" must be reversed. And the most convenient start is to eliminate taxes on many of "the many" and greatly increase the taxes on all of "the few", with no more tax loopholes and shelters.... absolutely none.... and much, much higher tax rates immediately.

We have 3/4s of a century of transitioned wealth to "the few" to reverse and to pay out to "the many", who will keep it in circulation. There is no time to handle this with kid's gloves or let ignorant people in high places continue their pageantry of elitism, power and privilege.