@neelkashkari The Fed proved the dismal in dismal science. Inflation is always and everywhere a monetary phenomenon.

@neelkashkari I mean your essay before FOMC is very funny to read. And why would you promote 100 pts in 2023 when inflation peaked as is...

@neelkashkari @nope_its_lily i cant see how you can be in constant contact with small business owners and miss the entire inflation pulse. people were screaming it since the first import tariff. well before Covid

@neelkashkari The problem isn’t that you missed as much as how careless you were about that possibility. The Fed doesn’t appreciate that it’s tools are dangerous and should be used with extreme caution.

@neelkashkari Go back to India.

@neelkashkari I know this guy trying to be (in)famous to sound “hawkish”. This guy majored in mechanical engineering at college. So no economist.

@neelkashkari So this one competes with Bullard to be the most “hawkish” ..👎

@neelkashkari Do you think it has anything to do with this?

@neelkashkari Dude.

@neelkashkari Did you really need an updated model to figure out that if the US gov't was going to spend $5 Trillion in such a short time period with the Federal Reserve financing most of it that we would have a major spike in inflation? Economics 101 was not even needed to forecast this.

@neelkashkari No one missed signs of inflation. You guys looked in your crystal ball and called it "Transitory"

@neelkashkari You were cheerleader for ZIRP and QE, an epic policy failure over the past couple years. You and Fed cronies ignited the inflation spike. The mistake was obvious. Fed making the same mistake now in reverse. Will over tighten into a bad recession worsened by Fed. Whole Fed stinks.

@neelkashkari Appreciate the essay @neelkashkari but trying to understand the logic. Isn’t ‘Surge Pricing Inflation’ by definition transitory? What evidence do you have it is entrenched other than increasing wages, which early in the essay you lament doesn’t keep up with surge price inflation?

@neelkashkari Rename it to “why we are incompetent yet unaccountable”

@neelkashkari You had one job Well actually two So 50% failure rate

@neelkashkari You had one job Well two actually So 50% failure rate

@neelkashkari The solution is to spend less time in models and more time at the grocery store. Now, it’s pretty obvious you’re about to go too far in the other direction. These hikes will destroy supply and eventually lead to panic easing, which will feed the second round of inflation.

@neelkashkari

@neelkashkari Federal Reserve Note is a Bill of Credit. Congress has no authority to borrow or emit Bills of Credit. The Federal Reserve District Banks Subvert the Constitution. Goodbye.

@neelkashkari so you made a mistake, and now want to correct the mistake with another mistake. why do we have a fed?