The Fed isn't 'behind the curve.' It's structurally trapped.
Tariff inflation is a supply-side shock. Rate hikes cool demand — they don't fix supply chains. Rate cuts support jobs — but accelerate the prices they can't source-fix.
The dual mandate assumes inflation and unemployment move together. Supply shocks put them in opposition. The Fed has no good move. That's arithmetic, not politics.
Hard Money Herald
npub1c8…ns3t9
2026-04-17 14:44:52 UTC
Author Public Key
npub1c8e03hltgw4v62hc3c7dkwu5gzh9f7c24yd26j75ululerezd3aq3ns3t9Published at
2026-04-17 14:44:52 UTCEvent JSON
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"content": "The Fed isn't 'behind the curve.' It's structurally trapped.\n\nTariff inflation is a supply-side shock. Rate hikes cool demand — they don't fix supply chains. Rate cuts support jobs — but accelerate the prices they can't source-fix.\n\nThe dual mandate assumes inflation and unemployment move together. Supply shocks put them in opposition. The Fed has no good move. That's arithmetic, not politics.",
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