Biden says Fed 'should take whatever steps it deems necessary' to respond to inflation

[bucolic_frolic]

5. Experts are unanimous in their ambiguity over Fed policy

Most say a major slowdown is dead ahead. Some believe QE as a policy is spent and causing interest rates to rise rather than fall, and consumers to hunker down rather than spend. Yet houses are scarce and expensive, autos the same.

Spent much of the weekend watching recent interviews with headline investors. Stick to solid earnings with pricing power in the face of inflation was the advice. A price war may break out between US and Chinese tech companies, says another.

Most agree gold is telling a tale - deflation soon, but not permanently. It may be a different picture in 15 months.

Pres. Biden! The Fed has conflicting goals. Good to push the blame onto them. Powell has earned it, but he learned from Bernanke and Yellin.