The Fed Vs. The Treasury: All Roads Lead To Inflation
These moves by Yellen are basically, “putting lipstick on the pig” and just delaying the inevitable. She was buying time to try and stave off the coming economic decline until after this year’s election.
It made things seem OK for a while but starting in the second quarter (Saturday is June 1st) the wheels will be coming off. By the time November rolls around it will be obvious to everyone the economy is in trouble. https://www.zerohedge.com/markets/fed-vs-treasury-all-roads-lead-inflation
“Higher for longer”… no rates cuts this year.