We’re in a recession already and still battling inflation. The Fed should have moved a year ago, and this is a knee jerk reaction to try to avoid the 70s. They have lost control, hence one rate hike after another. Here come the foreclosures. If Biden hadn’t pulled the rug out from under energy and had pushed us back to work once the vaccine was deployed, we would be stable now. China still has GDP growth and 2-3% inflation, plus significant investment in energy infrastructure and military. We’re worried about pronouns.