Fed officials face pressure for more aggressive policy action

Summary:
Fed taking a lot of shit for not being more “hawkish!” on Art Degree economoron figure of speech “inflation!”…. Meanwhile Fed probably very limited on ability for rate increases due to short term IOR liabilities …  if I were Fed and I had to throw the Biden people a bone today I would just say I was going to move up the QT instead of accelerating rate increases…But maybe Fed can’t do that either because they have already planned for a definitive redemption schedule of their govt securities and they need the coupons due this month… ?B Treasury coupon payments due this Monday… Fed officials face pressure for more aggressive policy action after a hotter-than-expected inflation reading for April https://t.co/9rIZbTHmjw— Bloomberg Economics (@economics) May 12, 2022

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