re: Powell: Fed can maintain higher rates for "as long as needed"

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That’s a damn shame, but it’s what happens when you throw economics completely out of the window when responding to a crisis. The responses to the COVID pandemic are what caused all of this. Shutting businesses down, randomly injecting trillions of dollars into the economy, disrupting supply chains, and being completely fiscally and monetarily irresponsible completely fricked up our economy and it hasn’t been normal since.

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While I agree we got spoiled to suppressed and historically low rates for far to long. Hell the fed funds rate went negative briefly. That wasn't something realistic, healthy, or sustainable.