{"id":30365,"date":"2022-01-11T21:54:09","date_gmt":"2022-01-11T21:54:09","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=30365"},"modified":"2022-01-11T21:54:09","modified_gmt":"2022-01-11T21:54:09","slug":"fed-way-too-slow-way-too-late-wolf-richter","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2022\/01\/11\/fed-way-too-slow-way-too-late-wolf-richter\/","title":{"rendered":"Fed way too slow, way too late | Wolf Richter"},"content":{"rendered":"<p>&#8220;This most reckless Fed ever has had some kind of come-to-Jesus-moment late last year when it did acknowledge the problem it had set off. And now it\u2019s trying to act way too slowly, way too late, and way too timidly to break up this spiral without causing the whole house of cards \u2013 the magnificent asset bubbles everywhere \u2013 that its money-printing and interest-rate repression created to come crashing down all at once.&#8221;<\/p>\n<p>~ Wolf Richter, <a href=\"https:\/\/wolfstreet.com\/2022\/01\/11\/wage-price-spiral-takes-off-companies-point-at-it-albertsons-shares-8-jp-morgans-dimon-sees-huge-pressure-on-labor-market\/\">Wolfstreet<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;This most reckless Fed ever has had some kind of come-to-Jesus-moment late last year when it did acknowledge the problem it had set off. And now it\u2019s trying to act way too slowly, way too late, and way too timidly to break up this spiral without causing the whole house of cards \u2013 the magnificent &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2022\/01\/11\/fed-way-too-slow-way-too-late-wolf-richter\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Fed way too slow, way too late | Wolf Richter&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"quote","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,13],"tags":[],"class_list":["post-30365","post","type-post","status-publish","format-quote","hentry","category-the-fed-banks-interest-rates","category-inflation-economy","post_format-post-format-quote"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fed way too slow, way too late | Wolf Richter - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fed way too slow, way too late | Wolf Richter - the patient investor\" \/>\n<meta property=\"og:description\" content=\"&#8220;This most reckless Fed ever has had some kind of come-to-Jesus-moment late last year when it did acknowledge the problem it had set off. And now it\u2019s trying to act way too slowly, way too late, and way too timidly to break up this spiral without causing the whole house of cards \u2013 the magnificent &hellip; Continue reading &quot;Fed way too slow, way too late | Wolf Richter&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2022\/01\/11\/fed-way-too-slow-way-too-late-wolf-richter\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-11T21:54:09+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2022\\\/01\\\/11\\\/fed-way-too-slow-way-too-late-wolf-richter\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2022\\\/01\\\/11\\\/fed-way-too-slow-way-too-late-wolf-richter\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Fed way too slow, way too late | Wolf Richter\",\"datePublished\":\"2022-01-11T21:54:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2022\\\/01\\\/11\\\/fed-way-too-slow-way-too-late-wolf-richter\\\/\"},\"wordCount\":84,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"articleSection\":[\"Banks &amp; Interest Rates\",\"Inflation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2022\\\/01\\\/11\\\/fed-way-too-slow-way-too-late-wolf-richter\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2022\\\/01\\\/11\\\/fed-way-too-slow-way-too-late-wolf-richter\\\/\",\"name\":\"Fed way too slow, way too late | Wolf Richter - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2022-01-11T21:54:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2022\\\/01\\\/11\\\/fed-way-too-slow-way-too-late-wolf-richter\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2022\\\/01\\\/11\\\/fed-way-too-slow-way-too-late-wolf-richter\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2022\\\/01\\\/11\\\/fed-way-too-slow-way-too-late-wolf-richter\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fed way too slow, way too late | Wolf Richter\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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This includes the semiconductor shortage which will soon complete its first year, and which is hitting all\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/XmAnzW30TmI\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":39916,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/12\/24\/core-pce-inflation-paul-volcker-and-the-copper-price\/","url_meta":{"origin":30365,"position":1},"title":"Core PCE Inflation, Paul Volcker and the Copper price","author":"Colin Twiggs","date":"December 24, 2022","format":false,"excerpt":"The Fed's favorite measure of underlying inflation, Core PCE inflation (personal consumption expenditures excluding food & energy), eased slightly to 4.7% for the 12 months to November. Monthly growth fell close to the Fed's target -- registering a meager 0.17% (2.04% annualized) for November. But monthly measures can be volatile,\u2026","rel":"","context":"In &quot;Inflation&quot;","block_context":{"text":"Inflation","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/inflation-economy\/"},"img":{"alt_text":"Core PCE Inflation - Annual","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-12-23-corepce.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-12-23-corepce.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-12-23-corepce.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":27011,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/07\/24\/elvira-nabiullina-for-next-fed-chair\/","url_meta":{"origin":30365,"position":2},"title":"Nabiullina for next Fed Chair","author":"Colin Twiggs","date":"July 24, 2021","format":false,"excerpt":"The Bank of Russia announced a 1% hike in its policy rate, to 6.5%, citing \u201cthe contribution of persistent factors to inflation increased due to faster growth of demand compared to output expansion capacity.\u201d Governor Elvira Nabiullina had warned markets on June 28 of a possible hike of up to\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26114,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/06\/03\/bill-gross-on-fed-and-reverse-repos\/","url_meta":{"origin":30365,"position":3},"title":"Bill Gross on Fed and reverse repos","author":"Colin Twiggs","date":"June 3, 2021","format":false,"excerpt":"From Wolf Richter at Wolfstreet.com: The Fed\u2019s asset purchases have already created so much liquidity, causing bank reserves to more than double in a year to $3.8 trillion, that liquidity is now going haywire, and the Fed is feverishly engaged trying to control it by selling Treasury securities and for\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30764,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/02\/03\/brazil-and-russia-lead-fight-against-inflation\/","url_meta":{"origin":30365,"position":4},"title":"Brazil and Russia lead fight against inflation","author":"Colin Twiggs","date":"February 3, 2022","format":false,"excerpt":"From Wolf Richter: The Bank of Brazil, on February 2, jacked up its policy rate by another 150 basis points, to 10.75%, the eighth hike in a row since March, totaling 875 basis points. The central bank said that the next rate hike might be smaller, on hopes that inflation\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"CPI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-02-03-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-02-03-cpi.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-02-03-cpi.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-02-03-cpi.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":31607,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/03\/22\/yield-curve-gymnastics\/","url_meta":{"origin":30365,"position":5},"title":"The yield curve recession warning","author":"Colin Twiggs","date":"March 22, 2022","format":false,"excerpt":"A great deal has been written in the past month above the flat 10-year\/2-year Treasury yield curve and the inevitability of recession if the slope turns negative. 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