After the covid monetary policy, and helicopter money handouts, the cycle of tightening and rate hikes to fight inflation began. At this point, there is already talk that it is time to lower the rate, although let's be honest - inflation has not gone anywhere, and continues to grow. In this case, we will get a secondary inflation already structural, which again will have to be flooded with free money.
Apparently it is obvious only to me that it does not work and Mr. Powell is making the same mistakes that were made by all Fed chairmen before him:
Paul Volcker 1979 - 1987
Alan Greenspan 1987 - 2006
Ben Bernanke 2006 - 2014
Janet Yellen 2014 - 2018
In this situation, which will happen again with a 95% probability - The SPX index has the option of developing a diagonal triangle, which in Wave Theory has a form called a Ending Diagonal.
Apparently it is obvious only to me that it does not work and Mr. Powell is making the same mistakes that were made by all Fed chairmen before him:
Paul Volcker 1979 - 1987
Alan Greenspan 1987 - 2006
Ben Bernanke 2006 - 2014
Janet Yellen 2014 - 2018
In this situation, which will happen again with a 95% probability - The SPX index has the option of developing a diagonal triangle, which in Wave Theory has a form called a Ending Diagonal.
