and if you zoom out, it's still surprisingly low compared to other periods with inflation. Either Powell did a good job squashing inflation (and a few more quarters will prove it), or he's missed the mark and it's still going to be persistently above 2% for a very long time.
I'll start to throw around some hyperbole if we get above 8% fed funds rate
I'll start to throw around some hyperbole if we get above 8% fed funds rate
See this chart: https://www.macrotrends.net/assets/images/large/fed-funds-ra...
(note the chart is not current, so make sure you extrapolate the line up to 5.5%)