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Well, they are not gonna bring inflation down back to where it was 2 years ago unless the FED raises rates to like 15% or more lol. They are just trying to level the inflation off. They cant raise it to the levels needed to actually bring inflation down because if they do, all their assets and their rich friends assets will lose a ton of value and make them lose money. I dont see them doing that and hurting themselves.
On that note, and I think most importantly, servicing the federal debt will become impossible in a deflationary environment.
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