In my opinion, they are trying to fight inflation without a crash in the economy, doing a soft landing. But as soon as they hint to cut rates, the market is already way ahead of them and inflation comes back strongly. The debt problem is not going to go away, just going to get worse and worse as the Fed is in a very bad situation if the pretend they can do a soft landing. They always insist they are politically independent. I think they know they just have to align the policy with Bitcoin halving now 😋
I was with you right up to that last sentence. I can pretty much guarantee you (as someone who went through a mainstream econ PhD program) that they're at least 10x stupider about money than you think they are.
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