/biz/ - Business & Finance

>>56275675
>Okay well good thing inflation has drastically decreased over the last year and the only people claiming that it's devastatingly high are retarded retail bears. I'm looking at the last hundred years or more, where bears have only had like three relatively major crashes that were based on much more than this.

While you're not incorrect, we've seen this kind of thing before. As >>56275722 points out, inflation will just go back up like it did in the 70s. Arthur Burns wishy washy Fed policy made the 70s a very bad time for America on top of all its other problems at the time. Powell wants to fix inflation without replicating Arthur Burns horrid policy, and without inflicting the massive damage Volcker had to do to fix it. It's not going to be easy