FOMC Minutes - 2023-01-03

These people are officially insane. They have spent all year trying to throw the economy into recession because wage growth is feeding into inflation. Now, in the December minutes, they admit there are "few signs of adverse wage-price dynamics at present." In the meantime, they worry about an "unwarranted easing in financial conditions" that would "complicate the Committee's effort." We'd sure hate for prosperity to make things harder for the Fed...