FOMC Minutes - 2022-10-11

The committee notes that inflation expectations are well anchored, and gives itself credit for that. Seriously? Does the Fed believe that ordinary shoppers even know that the Federal Reserve exists? And here's the best part: the committee is worried that there is more dispersion across inflation expectations. Yes, they admit that more people have lower expectations -- but that fact that a few have higher expectations is enough reason to cause a recession (just in case; it's for your own good).