So Powell is saying the usual boilerplate about rates and runoff and whatever. You've also got Evans and Bullard out there backing him up. But how is a 25 basis point fed funds rate hike going to counteract $110 crude oil, $7 corn and $10 wheat? Gimme a break.
Oh, but that's what the MSM pundits will tell you. Powell is tightening. He's in charge and in control. RRRrrriiiggghhhttt . Does he look "in control" of this?...
