James E. Thorne: ‘The Fed is late, wrong, and totally out of control. Just like the IMF and World Bank, its mission creep is historic. No surprise—they’re all failing the real economy.’
The Fed is hopelessly out of touch. Rate hikes, aimed at controlling Biden’s reckless spending, have crushed the private sector. Now, with tariffs thrown into the mix, their late response is nothing short of historic incompetence. Do they even listen to earnings calls? PepsiCo said, “Compared to three months ago, our outlook on consumer sentiment …