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Message: <blockquote data-quote="bacha29" data-source="post: 5296032" data-attributes="member: 58386"><p>Yes it was self inflicted. Trump's fed chair Powell ignored repeated warnings months in advance to raise rates and off load Fed held bonds . He ignored them saying repeatedly that inflation was in his own words..."transitory" . In the end he finally had to eat his words. Now on Wednesday we'll find out the Fed's next move. A 50 basis point increase in rates has already been announced but suspicions exist that he's going to 75. Why in the hell did Biden nominate this knucklehead for a second term is beyond me. Nevertheless, we're stuck with him a market that is in bear market territory and an economy that has little chance for a "soft landing".  Proving once again that the Chairman of the Federal Reserve runs the country.</p></blockquote><p></p>