The consensus on the Fed — this is something I said yesterday — is that "these morons are gonna drag us into a recession".
I have a feeling the FOMC is so desperate for a “victory” over everything that it’s ready to wreck the economy just so it can live out its Volcker fantasies.
Anyway, here’s a better Fed rant than anything I could write and given what’s happening in the markets, it won’t be the last.
— CNBCOvertime (@CNBCOvertime) September 23, 2022
This article was written by Adam Button on forexlive.com.