Whose Tightening Is It Anyway?

It seems quite obvious that the dollar is starting to grab everyone’s attention again. The President has been up to now quite firm about his own economic performance; just look at that sparkling unemployment rate! Suddenly, it’s all Powell’s fault?

That the two have now pointed the proverbial finger at one another simply underscores the seriousness of the situation. Neither man has any idea what’s going on, so it only really matters for where we are in how both are now singling each other out because they realize something is going on.