For over a year I have been stating that inflation is now and always a monetary phenomenon.(as per Milton Friedman) As a result I criticized the FED and called for shock and awe to raise rates back in Dec. 2021 when they were still easy. Since then after they stayed loose for way too long I criticized them that they have raised rates too much and too quickly, since the money supply has been dropping for months. Interest rates have peaked. The economy is tanking and these idiots with their political agendas are still talking more rate hikes. They will be forced to cut before the year is out. They are just trying to keep the dollar from tanking and gold from soaring. They have delayed the inevitable but both are going to happen in the second half of the year. https://www.zerohedge.com/markets/money-supply-growth-falls-depression-era-levels-second-month-april