How I stopped worrying and started to love the politicized Fed

The Fed's interest rate hike may curb inflation in the short term, but in the long term, it may reduce supply and thus have a counter-effect, as the real estate market has seen. Economist John Cochran believes that lasting inflation control requires fiscal reform, not just monetary policy. Currently, political reliance on the Fed to manage inflation has allowed Congress to evade fiscal responsibility, which could lead to a worsening of the deficit. Trump's move to politicize the Fed may force politicians to bear inflation responsibility, which is exactly the same as Volker's influence in the 1980s.