[TexanFeller]

> This is the fault of of one person: Jerome Powell.

The Fed chair is nominated by the president. The last president used his bully pulpit repeatedly to strongly criticize Powell for not lowering rates to zero like other countries. I suspect there was other behind the scenes influence taking place too. The current president and Congress basically doubled down on inflationary activity, helicoptering even more money to individuals and corporations. Powell was probably not operating independently as the Fed is supposed to.