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🚨 James E. Thorne: Real-time data reveals a mistake in the #الفيدرالي policy
The Federal Open Market Committee is meeting today. It is unlikely that Powell will cut #الفائدة rates, but economist James E. Thorne believes the Federal Reserve is stuck in a reaction to delayed data.
Thorne:
"The Federal Reserve led by Powell is incompetent.
Where are the Wall Street voices that are echoing 'inflation is permanent' now?
Where is the tariff inflation?
The federal funds rate should be 2.75% right now."
With delayed or incomplete #التضخم data and key employment figures released by the Bureau of Labor Statistics and the Bureau of Economic Analysis, the Federal Reserve should pay more attention to real-time price data.
Inflation dropped sharply in January, driven by the housing sector and others.
#FedRateDecisionApproaches
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