How about a Fed with some guts?

"How about a full point increase in rates, each quarter, for the remainder of the year? And Congress needs QUIT SPENDING ON ESG CRAPOLA! This country needs to be run like a household budget."

Today is the "big day". The day the Fed is expected to raise interest rates a whopping .25%. Big deal. This is typical of this particular Fed. Tiptoe through the tulips. Don't do anything drastic. But here is the deal folks (if I may sound like Biden). When the spend-o-rama was going on the first year of Biden, the Fed did nothing. Did nothing until the massive spending ended up in inflation. Then they did mostly some timid rate increases. 

During the Carter inflation, when we were in deep weeds, Paul Volker attacked the inflation with vigor. So much so, the interest rates about went into orbit. Buying a house at that time, was all but impossible. But he did tamp down inflation. So much so, the rates were then allowed to trickle down. Many of us, who never thought we would see a 8% mortgage again, did see it! Reagan cut taxes, increased military spending, and the economy started to purr once again.

Inflation has come down, but it is still too high. 6% is too high. If we throw food and energy into that mix, it would be higher than 6%. Do I care if that miss-managed back in Silicon Valley went belly up? Not one bit. If we raise rates and some of the weaker, ESG backs fall by the wayside, who cares? The important thing, is we get the interest rates down. And Joe Biden needs to take a class on basic macro-economics. He does not even have a grasp of the most obvious when it comes to managing money.

How about a full point increase in rates, each quarter, for the remainder of the year? And Congress needs QUIT SPENDING ON ESG CRAPOLA! This country needs to be run like a household budget. But because we have allowed China to get so far ahead, we do need to spend more on defense. A lot more. Otherwise, we will be in the backseat, watching Xi and Putin in the front seat, determining the course of the world. And it will not be a good course. We need a strong America. With a strong defense.

So it goes. We will see what happens today with the Fed. Hint: Don't hold your breath. I am afraid we will continue to tiptoe through the tulips with this Fed Chief.