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We know they don’t work and end up making things worse, but the FED is so far behind the curve and Biden’s clueless crowd will gravitate, to doing something. https://www.financialsurvivalnetwork.com/2022/02/eight-reasons-why-wage-and-price-controls-are-coming-soon/
If Powell isn’t credited with taking inflation down by summer, yes these controls will be adopted. I remember the ones put on in the early 70’s …. a disaster.
“Aren’t interest rates supposed to be above the CPI?” Stupid question for the Central bankers.
A mortgage renewal at 6% and we’ve lost the housing mkt. Is this planned to acquire all the foreclosed properties?
You will own nothing and be happy.