The Fed is all over the place, flip-flopping sometimes within a matter of weeks. They're confident about inflation then they're not. What's the real reason for so much back and forth, the obvious insecurity? It's the story no one really knows and what actually ties the current day with the past Great Inflation.

Eurodollar University's Money & Macro Analysis

CSPAN William Proxmire
https://www.c-span.org/video/?322377-1/political-career-senator-william-proxmire

https://www.c-span.org/video/?39834-1/government-waste

https://www.c-span.org/video/?c4704392/sen-william-proxmire

Hutchinson v Proxmire
https://www.oyez.org/cases/1978/78-680

Federal Reserve Memo Nov 6, 1973 & letter from Arthur Burns to Senator Proxmire
https://fraser.stlouisfed.org/files/docs/historical/burns/Burns_19731106.pdf

NYT Dec 2, 1975 Proxmire Would Curtail Banks
https://www.nytimes.com/1975/12/02/archives/proxmire-would-curtail-banks.html

FOMC Transcript July 1981
https://www.federalreserve.gov/monetarypolicy/files/FOMC19810707meeting.pdf

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU