/biz/ - Business & Finance

>>52679850
Basically, Carter appointed Volcker and the Senate approved him, Volcker raised rates which stayed high until Reagan replaced him with Greenspan. JPow quoted Volcker at Jackson Hole, which should be a sign to bulls (along with Biden endorsing JPow’s Fed policy moves in recent months) that the rape hikes and QT are here to stay.

Once again, and this should be obvious to everyone now that tech is laying off workers in droves and the housing market is dropping faster than ever before, the Fed is rightfully more concerned with inflation sinking the entirety of American hegemony than a recession or even a depression. The dollar can survive without the market but the market can’t survive without the dollar.