CNBC: The Federal Reserve is unlikely to be able to bring down inflation without having to raise interest rates considerably higher, causing a recession, according to a research paper released Friday.
0.25% hikes are NOT going to do the job. The Fed doesn't need to waste time or money on overpriced research papers - just read your old Uncle Kenny's free blog. At the next F.O.M.C. meeting, they are going to need to look at higher for longer.
My suggestions: number one is SHUT THE FUCK UP. No more press releases. No more "Fed Whisperers" working at the Journal. No more "Forward Guidance" bullshit. Let the markets squirm. They are supposed to squirm and wonder.
Number two is shock the shit out of the markets. A rate increase (even a small one) done after an unscheduled meeting that is done quickly thereafter is just what is needed to put markets into a state of unease.
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